IMF Managing Director Kristalina Georgieva delivers remarks at the Plenary Session of the 2025 Annual Meetings.

Opening Remarks by Alfred Kammer, Director of the European Department, IMF, at the press conference on the economic outlook for Europe

The global economy is undergoing a profound transformation and facing elevated uncertainty, bringing challenges, but also opportunities. Growth has been resilient, but strains are emerging. We will adopt sound policies that foster confidence, build resilience, and safeguard macroeconomic and financial stability. We will continue to cooperate to address global challenges. Ongoing wars and conflicts continue to impose a heavy humanitarian toll, with large economic costs and significant negative spillovers. Ending wars and conflicts and securing lasting peace around the world remains essential for sustainable growth and long-term stability.

Technical Assistance Report No. 2025/088

Technical Assistance Report No. 2025/089

Policy Paper No. 2025/037

Good morning and good afternoon to everyone joining us here and online. I'm Angham AL SHAMI from the Communications Department here at the IMF and I will be your moderator for today.

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), announced today her intention to appoint Mr. Christian Mumssen as Director of the Strategy, Policy, and Review Department (SPR). Mr. Mumssen, who succeeds Ms. Ceyla Pazarbasioglu, will assume his new role on November 3, 2025.