About us
Mission
The IMF’s Offices in Europe, located in Brussels and Paris, serves as liaison to EU and euro-area institutions and governments, as well as international organizations, academics, civil society, and media.
Its main tasks include:
• Engaging with European policymakers and other interlocutors on euro area and EU policies; as well as fostering a dialogue on global economic issues;
• Supporting IMF operations in Europe, including policy advice, lending arrangements, technical assistance, and recruitment efforts;
• Helping to coordinate communication and outreach activities across the region.
History
Immediately after its creation, the Fund played a key role in various postwar initiatives, such as the creation of the European Payments Union (EPU) and the Organization for European Economic Cooperation (OEEC, which in 1960 became the OECD). The Office in Europe was created in Paris in 1948 to serve as observer and personal representative of the Managing Director at these new institutions. Over time, the functions of the office expanded to include wider liaison with European-based institutions, external relations, and outreach to academic institutions, NGOs, and the public.
The IMF Europe Office was established in 2013, comprising the Paris Office and the newly created Brussels Office
Europe and the IMF
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October 4, 2024
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June 25, 2024
GDP continues to recover thanks to strong stayover tourism and the reconstruction. Domestic imbalances have closed, with inflation declining towards 2 percent and the fiscal balance returning to a surplus in 2023, but the current account deficit remains high. An immediate solution is needed to resolve load shedding and, in the medium term, investments in renewable energy are strongly encouraged. Going forward, policies need to address long-standing structural challenges, including boosting medium-term growth, restoring the government’s competitiveness to recruit and retain talent, and dealing with mounting deficits in the healthcare insurance fund.
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Bulgaria: Fiscal Risks from State-Owned Enterprises
June 24, 2024
Author/Editor:Anh D. M. Nguyen
Series:Selected Issues Paper No. 2024/022 -
June 24, 2024
Series:Country Report No. 2024/183
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June 24, 2024
Series:Country Report No. 2024/182