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The International Monetary Fund is an anchor of stability within the global financial system Guest contribution by Germany's Federal Minister of Finance Christian Lindner and Bundesbank President Joachim Nagel published in the Handelsblatt
“Over time, the IMF has repeatedly managed to emerge stronger from crises. However, the external circumstances have rarely been more challenging than they are today,” Federal Finance Minister Christian Lindner and Bundesbank President Joachim Nagel write in a guest article at Handelsblatt. “An IMF that focuses on its core mandate is best placed to strengthen the global economic and monetary system,” they explain in a contribution to mark the IMF’s 80th anniversary.
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Christine Lagarde
Christine Lagarde is the eleventh Managing Director of the IMF and the first woman to hold this position. She took up her current post in July 2011. Previously, Christine Lagarde was a member of the French government, which she joined in June 2005 as Minister for Foreign Trade. In June 2007, she became the first woman to hold the post of Finance and Economy Minister of a G-7 country. From July to December 2008, she chaired the ECOFIN Council. When France took over the G-20 presidency for the year 2011, she, as Chairman, launched a wide-ranging work agenda on the reform of the international monetary system. Christine Lagarde started her career in the international law firm of Baker& McKenzie, where she became Chairman of the Global Executive Committee in 1999 and subsequently Chairman of the Global Strategic Committee in 2004. Christine Lagarde was named Officier in the Légion d'honneur in April 2012.
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Quality Upgrading in Developing Countries - Presentation Christian Henn, Chris Papageorgiou, and Nikola Spatafora
2 MB, PDF
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German economy hit hard by coronavirus pandemic in 2020
14.01.2021 DE
The year 2020 saw German economic output contract by 5.0%, with the drop in gross domestic product in a year overshadowed by COVID-19 bringing to an end a ten-year run of growth. This compares with a 0.6% rate of expansion in 2019.
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DZ Bank-OMFIF panel discussion Panel discussion with Dr. Joachim Nagel, title: “Fragmenting Globalisation: The Future of Trade“
Local time: 08:00 AM
Contact: DZ Bank, Martin Roth
tel: +49 7447 42750, email: Martin.Roth@dzbank.de -
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German economy’s recovery is stalling
21.03.2024 DE
Real gross domestic product will probably decline again slightly in the first quarter of 2024, according to the March Monthly Report. The economy continues to experience headwinds from various directions. Domestic and foreign demand for German industrial products went down further. In addition, higher financing costs dampened domestic demand. Moreover, the available survey indicators still provide little evidence of an economic recovery for the coming quarter.