Policy Paper No. 2023/025

The euro area economy has shown remarkable resilience in the aftermath of Russia’s invasion of Ukraine and the largest terms of trade shock in several decades, thanks to a strong policy response. However, economic activity has weakened and inflation—although gradually declining—remains elevated. Monetary policy must continue to tighten to bring inflation to target in a timely manner. Fiscal consolidation should also proceed to ease inflation pressures and rebuild fiscal space. A swift agreement on the reform of the EU economic and fiscal governance framework would support fiscal sustainability over the longer term.

Transcript of the MD's Press Conference on the Euro Area Article IV Consultation

Good morning and a warm welcome to everyone. We are here today to share our economic assessment for the euro area. Before I start however, let me share a few thoughts on the EU Parliament’s adoption of the Artificial Intelligence Act. It is very encouraging to see the EU putting the groundbreaking technology of Artificial Intelligence at the forefront of its policy agenda. AI has enormous promise and potential, but we must make sure that it works for all, and that the use of AI is safe. In that sense, we welcome the approval of the AI Act by the European Parliament.

Barbara Balke, Secretary General of the European Investment Bank, has been named a Top 50 Executive Ally by LGBT Great, an organisation that recognises senior leaders in financial services and business who have used their platform, influence and role to support the LGBTIQ community as a sponsor and ally. 

The EIB, alongside the European Commission and the ESM, hosted the fifth Capital Markets Seminar on 5 and 6 June 2023.

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Good morning, everyone!
I am delighted to join you at this year’s Agribusiness and Science Week. Congratulations to the Forum for Agricultural Research in Africa (FARA), Chairman, Alioune Fall and Executive Director, Dr. Akinbamijo, on the organization of this event. Thank you for inviting me to speak.

Africa has the necessary partnerships and technologies to eradicate hunger, said African Development Bank President Dr. Akinwumi A. Adesina.
What is needed is action including robust financing, Adesina said Monday during the opening session of the 8th Africa Agribusiness and Science Week (AASW) in Durban, South Africa.

The head of the African Development Bank President Dr Akinwumi Adesina has urged development partners to “walk with” Zimbabwe, the only African country currently under economic sanctions by its creditors.

 The Bank's delegation met Djibouti's Minister of Finance and Economy in charge of Industry and Governor of the Bank for Djibouti, Ilyas Moussa Dawaleh (center) as part of the launch of the integrated urban infrastructure study project and dialogue on the ADRiFi Programme.