The IMF and Europe

In the News

• IMF Executive Board Completes Fourth Review Under the Policy Coordination Instrument for the Republic of Serbia |  August 26, 2020
• IMF Staff Concludes Consultations with Moldova on a New Economic Program | July 27, 2020
• IMF Managing Director Kristalina Georgieva Appoints Alfred Kammer as Director of the European Department | July 15, 2020
• Statement by the IMF Managing Director on Ukraine | July 14, 2020
• IMF Staff Completes a Virtual Review Mission to Serbia | July 3, 2020
• The Managing Director’s Keynote Speech—National Development Bank in Lithuania: Aims and Effective Governance | July 2, 2020
• IMF Staff Concludes a Remote Staff Visit to Albania | July 1, 2020
• IMF Executive Board Approves US$ 83.7 Million in Emergency Support to Montenegro to Combat COVID-19 Pandemic | June 24, 2020
• Interview by Poul M. Thomsen, Director of the IMF’s European Department, with Bloomberg: “IMF Urges ‘Forceful Response’ From EU on Stimulus Deal” | June 19, 2020
• Remarks by IMF Managing Director Kristalina Georgieva to Italy’s National Consultation: Italy, Europe and the Global Recovery in 2021 | June 13, 2020
• IMF Executive Board Approves 18-month US$5 Billion Stand-By Arrangement for Ukraine | June 9, 2020
• Interview by the IMF’s mission chief for France, Delia Velculescu, with l'Opinion: «Même durant des périodes de guerre, on n’avait pas observé une telle mise à l’arrêt de l’activité» | June 4, 2020
• IMF Executive Board Approves US$361 Million in Emergency Support to Bosnia and Herzegovina to Address the COVID-19 Pandemic | April 20, 2020
• IMF Executive Board Approves US$235 Million in Emergency Assistance to Moldova to Address the COVID-19 Pandemic | April 18, 2020

 

Themes

• Friends of Europe: In Conversation with Kristalina Georgieva on Pursuing a Green Economic Recovery | September 16, 2020
• Toward a More Resilient Europe | July 12, 2020 
• Combating the Impact of COVID-19 in Montenegro | July 2, 2020
• Kurzarbeit: Germany’s Short-Time Work Benefit | June 15, 2020
• Vienna Initiative Report: CESEE Deleveraging and Credit Monitor | June 11, 2020  
• How Loose, How Tight? A Measure of Monetary and Fiscal Stance for the Euro Area | June 5, 2020 
  
• Sweden: Will COVID-19 Economics be Different? | June 4, 2020
• A European Minimum Wage: Implications for Poverty and Macroeconomic Imbalances | May 22, 2020 
  
  
  
• IMF Offers Emergency Support to the Balkans | May 12, 2020
• Emerging from the Great Lockdown in Asia and Europe | May 12, 2020
• Improving Fiscal Transparency to Raise Government Efficiency and Reduce Corruption Vulnerabilities in Central, Eastern, and Southeastern Europe | May 11, 2020
  
• Connectedness of the Dutch Economy Leads to Lower GDP Growth Forecast | May 04, 2020
• Europe’s COVID-19 Crisis and the Fund’s Response | March 31, 2020

Country Reports

• Republic of Moldova : Technical Assistance Report—Government Finance Statistics Mission (October 2-8, 2019) | August 4, 2020 
• Montenegro : Request for Purchase under the Rapid Financing Instrument; Press Release; Staff Report; and Statement by the Executive Director for Montenegro | June 25, 2020
• Ukraine : Ex-Post Evaluation of Exceptional Access Under the 2015 Extended Arrangement-Press Release and Staff Report | June 15, 2020
• Republic of Belarus : Technical Assistance Report-Report on External Sectoral Accounts Mission | June 9, 2020 
  
  
  
• Republic of Moldova : Technical Assistance Report-Report on Sectoral Accounts Mission | May 22, 2020 
  
  
  
• Montenegro : Technical Assistance Report-Report on External Sector Statistics Mission | May 15, 2020 
• Republic of Belarus: Technical Assistance Report-Monetary Policy Modeling | May 15, 2020 

• Malta: 2020 Article IV Consultation-Press Release and Staff Report | April 10, 2020
• Republic of San Marino: 2020 Article IV Consultation-Press Release and Staff Report | April 02, 2020
• IMF Executive Board Concludes 2020 Article IV Consultation with Belgium | March 31, 2020
• Italy: 2020 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy | March 20, 2020
• Italy: Financial System Stability Assessment | March 19, 2020

Regional Economic Outlook

Regional Economic Outlook for Europe

Economic activity in Europe has slowed on the back of weakness in trade and manufacturing. For most of the region, the slowdown remains externally driven. However, some signs of softer domestic demand have started to appear, especially in investment. Services and domestic consumption have been buoyant so far, but their resilience is tightly linked to labor market conditions, which, despite some easing, remain robust. Expansionary fiscal policy in many countries and looser financial conditions have also supported domestic demand.

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In the Field

IMF Regional Offices

• IMF Europe Office in Paris and Brussels
• IMF Regional Office for Central, Eastern and Southeastern Europe
• Regional Office for the Western Balkans

IMF Resident Representative Offices

• IMF Office in Albania
• IMF Office in Bosnia and Herzegovina
• IMF Office in Bulgaria
• IMF Office in Cyprus
• IMF office in Hungary
• IMF Office in Ireland
• IMF Office in Kosovo
• IMF Office in North Macedonia
• IMF Office in Romania
• IMF Office in Russia
• IMF Office in Serbia
• IMF Office in Turkey

Training Facilities

• Joint Vienna Institute