|
The EIB and the IMF are doing more together to promote economic stability in Europe and beyond. At a meeting today at the headquarters of the EU bank in Luxembourg, EIB President Werner Hoyer and the Managing Director of the International Monetary Fund Christine Lagarde took stock of progress of complementary efforts by the two institutions. While the IMF gives financial assistance to countries hit by crisis, the EIB invests in infrastructures and companies to support projects in the real economy.
The common goal is to foster sustainable growth. Outside Europe, both institutions support a wide range of development efforts. Lagarde and Hoyer discussed the progress that programme- and post-programme countries such as Portugal, Spain, Ireland, Greece and Cyprus have made...
|