This morning, Ajay Banga and I highlighted the IMF’s and the @WorldBank’s commitment to foster sustainable recovery for low-income countries. Investing in their vibrant youth can bring prosperity to them and to the rest of the world.
Watch our chat: https://t.co/zdWtdMoxGq
Join me and @WorldBank President Ajay Banga for an important discussion on how we can help low-income countries foster macroeconomic stability and promote sustainable and inclusive growth. https://t.co/zDiqJMUgb6
Join the @WorldBank and @IMFNews on April 3 for a live discussion on supporting sustainable & inclusive growth in low-income countries. Hear from experts and join the conversation at the '𝙍𝙞𝙨𝙞𝙣𝙜 𝙩𝙤 𝙩𝙝𝙚 𝘾𝙝𝙖𝙡𝙡𝙚𝙣𝙜𝙚' event: https://t.co/EGPy8WNfqX #Action4Growth
The Board decision means we can help more countries for longer with emerging financing. We know the legacy of the pandemic continues, along with other global shocks, and this support recognizes the difficult choices vulnerable countries face.
Great news: last night, we negotiated the 2022 budget. We managed to get the EU to spend €1.5 billion to vaccinate the world.
THREAD to tell you how we achieved it and what it means. I hope it also helps you to understand the inner workings of the EU. @reneweurope 1/14
❗️100 is the new 60❗️Out now: new ESM discussion paper📃 on how to reform #EUFiscalRules: ➡️keep 3% deficit rule; ➡️increase to 100% debt rule. Find reform suggestions by ESM staff here 💻 https://t.co/RdxL8zHs9f
@lucasguttenberg@fwred@OlafScholz You think there’s still a chance for “a reform that makes the Stability and Growth Pact more effective” as suggested by ESM #Regling? 👉https://t.co/BqYQ6JIJuo
Heavy bond supply and negative yields are not enough to keep investors from demanding more European assets. #ESM Funding’s Silke Weiss and Dimple Bhawsar explore why public sector borrowers are popular and what the sector faces next #ESMBlog#pandemic https://t.co/kQ0Pj8WRRe
In times of crises, fiscal policy does and needs to react forcefully. In normal times, EU fiscal rules help keep fiscal policy on a countercyclical path, if complied with. Check out the new paper by the EFB secretariat 👇
https://t.co/Ygs6T60SyX
#ESM Discussion Paper 15 explains the liability management exercise by Greece in 2017 when a voluntary bond exchange was used to restructure part of its outstanding debt to the ESM/EFSF https://t.co/L7iHxcpW8O #ESMDP
Important contribution to the discussion on sovereign debt restructuring - this is an extensive write-up of the 2017 Greek Bond Exchange, a voluntary restructuring involving private creditors (Greek banks), under the leadership of the ESM. #ESM#sovereigndebt#restructuring
For CMU to work ESMA/EIOPA should 1️⃣coordinate regulation on new market activity, 2️⃣ stronger convergence powers, and 3️⃣ directly supervise major market participants with cross-border footprint. Here my blog with @kaanev#CMU@ESM_Press
To get the right answers you must ask the right questions. Great blog by Thomas Wieser on the post-coronavirus fiscal policy for #Europe https://t.co/BOc8iphriM #COVID19#euroarea
"And Janet
She’s the first that’s led
The Council of Economic Advisers, Treas' and the Fed,
She needs a three-sided coin that always comes up heads
To put the triple crown down when she goes to bed"
ICYMI - worth listening! https://t.co/JM6zZdp2VX