The Dutch Prime Minister Mark Rutte proposed the creation of a European “coronavirus fund” to help cover healthcare costs in the countries most affected by the pandemic, such as Spain and Italy, and regretted that the...
Europe is headed in to a significant economic downturn of up to -3% per month due to the Coronavirus pandemic, Poul Thomsen, Director of the European Department at the IMF, said Monday (March 30) in Washington,...
The European Commission has approved today another Luxembourg State aid scheme to support the Luxembourgish economy in the context of the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework to support the...
The European Commission has decided to temporarily remove all countries from the list of “marketable risk” countries under the Short-term export-credit insurance Communication. This will make public short-term export credit insurance more widely available in light...
The IMF supports fiscal and monetary action taken so far by the US government to battle the COVID-19 pandemic, Managing Director Kristalina Georgieva told reporters in a virtual news conference Thursday (March 27) in Washington. She...
IMF urges countries to approach Fund to contain economic damage On Friday, March 27, Kristalina Georgieva, Managing Director of the IMF, gave an update on the efforts of the Fund to help countries deal with the...
Rushing to aid Europeans and their economy, the EPP Group, the largest force in Parliament, calls for EU-wide solidarity and has approved measures to counter the impact of the coronavirus. The EPP Group voted for 37...
Gold plays a prominent role in reserve asset management, being one of the few assets that is universally permitted by the investment guidelines of the world’s central banks. This is in part due to the gold...
HIGHLIGHTS • The outbreak and spread of Coronavirus (Covid-19) will negatively affect global foreign direct investment (FDI) flows. With scenarios of the spread of the epidemic ranging from short-term stabilization to continuation throughout the year, the...
The European Commission has found two Spanish guarantee schemes for companies and self-employed workers affected by the coronavirus outbreak to be in line with EU State aid rules. The schemes, with a total budget of approximately...
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