2024-05-01 02:30:36
The EU recovery fund is a success and European politicians should not be in a hurry to abandon it, believes the managing director of the International Monetary Fund (IMF), Kristalina Georgieva.
At the annual EU budget conference, Georgieva, quoted by the IMF representation in Bulgaria, said that “July 2020 will go down in history as a moment of strong European cohesion”. EU countries then agreed to set up the €809.6 billion Next Generation EU fund, funded through common debt, to help recover from the COVID-19 pandemic. Fund programs end in 2026.
In the words of Georgieva, who was recently appointed for a second five-year term at the head of the IMF, “the challenges that the EU faces on its way forward may not be as dramatic as a pandemic, but they also “cry out” for a joint response. In At a time of geopolitical and economic uncertainty, policy choices matter deeply.”
According to her, the elections, which will be based on the next seven-year EU budget, will be “absolutely decisive for the success of Europe”. As obvious areas in which the EU can do more together, Georgieva pointed to climate and energy security, BTA reported.
The managing director of the IMF ended his speech delivered yesterday before the EU budget conference in Brussels with an appeal to the politicians of the union.
“I’m turning to all of you: Please don’t just do what’s popular at home, do what’s right for Europe! Europe is stronger together, Europe is richer together, Europe is more significant together,” appeals Georgieva .