(L-R) Nadia Calviño, President of the European Investment Bank; Gilles Roth, Luxembourg's Minister of Finance; Vincent Van Peteghem, Belgium's Minister of Finance; Ladislav Kamenický, Slovak Minister of Finance; Credit: EU Council

Luxembourg’s Minister of Finance, Gilles Roth, participated in the meetings of the Eurogroup and the  Economic and Financial Affairs Council (Ecofin), in Kirchberg on Thursday 11 and Friday 12 April 2024.

Luxembourg’s Ministry of Finance confirmed that the Eurogroup took stock of the evolution of exchange rates and inflation in recent months in preparation for the spring meetings of the International Monetary Fund (IMF) and the World Bank (WB).

In the context of growing geopolitical tensions, ministers discussed the risks of fragmentation weighing on the global and European economies, the commercial performance of the eurozone and means of action to strengthen its competitiveness. Moreover, the finance ministers were informed of the progress of the digital euro project within the framework of the Central Bank Digital Currencies (CBDC).

On the occasion of the Ecofin Council meeting, the twenty-seven ministers approved the conclusions on the mid-term evaluation of the Recovery and Resilience Facility (RRF), before moving on to examine the repercussions economic and financial consequences of Russia's aggression against Ukraine.