The Council has received formal notifications about the approval of the own resources decision from all 27 member states. National ratifications being completed, the EU can now start making available funds under the Recovery and Resilience Facility. With a financial envelope of €672.5 billion, the facility is the central part of Next Generation EU, the EU instrument for economic recovery from the COVID-19 pandemic. After adopting the own resources decision on 14 December 2020, the EU Council completed the list of received formal notifications on 31...

Mathias Cormann took office today as the sixth Secretary-General of the OECD. Ministers and senior officials of the Organisation’s 38 Member countries and outgoing Secretary-General Angel Gurría welcomed Mr Cormann in a handover ceremony at the OECD Headquarters in Paris during Part I of the two-part 2021 Meeting of the OECD Council at Ministerial Level (MCM). “I am deeply honoured and humbled by the trust and confidence you have shown in appointing me as your OECD Secretary-General. I am ambitious for the...

Today, the EU Digital COVID Certificate has reached another important milestone with the go-live of the technical system at EU level, which allows to verify certificates in a secure and privacy-friendly way. The EU certificate was proposed by the Commission to resume safe travelling this summer. It will be free of charge, secure and accessible to all. Available in digital format or on paper, it will be a proof that a person has been vaccinated against COVID-19, tested negative, or recovered from an...

The members of the EEA Council held a video conference on 28 May 2021 at the initiative of Mr Augusto Santos Silva, Minister of Foreign Affairs of Portugal. The video conference was attended by Mr Guðlaugur Þór Þórðarson, Minister for Foreign Affairs and International Development Cooperation of Iceland, Ms Ine Eriksen Søreide, Minister of Foreign Affairs of Norway and Ms Dominique Hasler, Minister of Foreign Affairs of Liechtenstein, as well as by representatives of the European Commission and the...

Today, the Commission publishes its guidance on how the Code of Practice on Disinformation, the first of its kind worldwide, should be strengthened to become a more effective tool for countering disinformation. It sets out Commission expectations, calls for stronger commitments by the signatories and foresees a broader participation to the Code. Based on a robust monitoring framework and clear performance indicators, signatories should reduce financial incentives to disinformation, empower users to take an active role in preventing its spread, better cooperate...

The International Monetary Fund is responding to the policy challenges of a fast-changing global economy still reeling from the COVID-19 crisis: it is modernizing the way it provides its regular policy advice to member countries—a process known as surveillance. The regular health check of members’ economies, known as the Article IV consultations, will continue to cover fiscal, monetary, exchange rate and financial issues, which are at the heart of the Fund’s work. 'The Fund’s policy advice is evolving.' In the future, we will...