By José Manuel Campa and Isabel Schnabel European and national authorities have joined forces with banks to integrate reporting requirements across Europe. This will reduce costs for banks and improve data quality. In this blog post we describe the European integrated reporting initiative and present some initial results. Collecting data from banks is essential for authorities to conduct monetary policy, supervision and resolution. But banks in Europe are facing more and more regulatory reporting requirements from various European and national authorities....

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Geopolitical and trade tensions continue to be a challenge for the EU economy. Deepening structural reforms and reprioritising public spending are needed to boost growth, according to a new OECD report. The latest OECD Economic Survey of the European Union and Euro Area projects that GDP growth in the euro area will strengthen to 1.0% in 2025 and 1.2% in 2026, up from 0.8% in 2024. Inflation in the euro area is easing, projected at 2.2% in 2025 and 2.0% in 2026,...

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Life sciences – the study of living systems, from cells to ecosystems – are central to our health, environment and economy. Europe has long been a leader in life sciences, backed by a strong knowledge base and scientific excellence. But it is now losing ground to other global players in turning research into real-world solutions. To counter this trend, the European Commission has launched a new strategy to make Europe the most attractive place in the world for life...

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The European Investment Bank (EIB) Group in partnership with the Financial Alliance for Net Zero convened a high-level exchange with leaders of multilateral development banks (MDBs) and private sector CEOs at the International Conference on Financing for Development in Seville to deepen cooperation and scale private sector investment in emerging markets and developing economies. Heads of the African Development Bank, Asian Development Bank, Asian Infrastructure Investment Bank, Council of Europe Development Bank (CEB), European Bank for Reconstruction and Development, European Investment...

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Watch the launch event here The Organisation for Economic Co-operation and Development (OECD) and the United Nations Development Programme (UNDP) have presented today a new plan to expand the scope and global coverage of their shared Tax Inspectors Without Borders (TIWB) programme, marking a new phase in the flagship capacity-building initiative. Tax Inspectors Without Borders 2.0, presented during the Fourth International Conference on Financing for Development (FFD4), in Sevilla, Spain, will build on a decade of impactful collaboration between OECD, UNDP...

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As of today, Tuesday, July 1, 2025, the Danish EU Presidency begins. The Danish government has chosen two main priorities for the presidency, which we look forward to delivering on: a safer Europe, including stronger management of migration to the EU and continued support for Ukraine, and a competitive and green Europe. The presidency will last until the end of the year. Since being appointed as Minister for European Affairs, Marie Bjerre has visited all 27 EU countries as well...

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Thank you so much for inviting me to join you today. It is an honor to participate on behalf of the IMF. As you know, before I joined the IMF last Fall, I served as Jamaica’s Minister of Finance. This was during some of the most turbulent years in recent memory—marked elevated uncertainty, including COVID-19 and extreme weather events. And I can tell you that it has profoundly shaped my view on the role of tax capacity as the crucial...

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On the occasion of the 4th International Conference on Financing for Development, the  European Commission and the European Investment Bank (EIB) announced today a new type of guarantee agreement that will provide up to €5 billion to de-risk investments and expand EIB operations outside the European Union (EU). Today's guarantee has the potential to unlock up to €10 billion in funding for critical projects in clean energy, green infrastructure and access to finance for Small and Medium Enterprises (SMEs) in...

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Christine Lagarde, President of the ECB, Philip R. Lane, Member of the Executive Board of the ECB Good afternoon, ECB Chief Economist Philip Lane and I welcome you to this press conference, on the occasion of the conclusion of the 2025 assessment of our monetary policy strategy. The Governing Council recently agreed on an updated monetary policy strategy statement. You can find this statement on our website, together with an explanatory overview note and the two occasional papers presenting the underlying analyses. I will start by putting this...

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Three ministers have put forward their candidacy to become president of the Eurogroup: Carlos Cuerpo, Minister for Economy, Trade and Business of Spain Paschal Donohoe, Minister for Finance of Ireland Rimantas Šadžius, Minister for Finance of Lithuania The election of the new president will take place at the next meeting of the Eurogroup on 7 July. The president is elected by a simple majority of the Eurogroup ministers, in line with the Treaty's Protocol 14 on the Eurogroup. If none of the...

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