EC President, Ursula von der Leyen, on behalf of the EU, and IMF's Managing Director Kristalina Georgieva concluded a new Financial Framework Partnership Agreement that will boost their cooperation to tackle key challenges including climate change, and help countries achieve the Sustainable Development Goals.
To mark the signature of the new Agreement, President von der Leyen said:“The European Union and IMF are strong partners. We jointly want to find solutions to global issues, notably in Africa. Today's new Agreement will allow us to focus better on climate change and digital challenges. I am particularly grateful to Kristalina Georgieva for her leadership. Together we are going to further strengthen our cooperation and partnership.”
IMF Managing Director, Kristalina Georgieva, added: “We appreciate the EU's leadership on sustainable development for all. We have a history of working together in building strong economic institutions to improve economic performance and the livelihoods of people in our partner countries. This Agreement will deepen our collaboration and help us do more together, especially where it matters the most — in low-income countries and fragile states.''
The IMF and the EC are longstanding partners, inside and outside the EU. This new Agreement will strengthen, simplify and accelerate the conclusion of contractual arrangements for the numerous joint activities undertaken to support good economic governance, public finance management and domestic revenue mobilisation, institution building, as well as the wider 2030 Agenda for Sustainable Development.
Full press release on European Commission
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