Europe in a Fragmented World

Good afternoon. It is a pleasure to join you today. Let me begin by thanking Moritz and Sebnem for the very kind introduction. Sebnem is a phenomenal researcher and dear friend from whom I have learned a lot. I am extremely thankful for her generous words. I would also like to thank the Kiel Institute for the Bernhard Harms Prize. I am honored to receive a prize that champions scholarship in international economics and global relations.

IMF Executive Board Completes the Third Review of the Nepal Extended Credit Facility

On November 29, the Executive Board of the International Monetary Fund (IMF) completed the third review under the four year Extended Credit Facility (ECF) for Nepal, allowing the authorities to withdraw the equivalent of SDR 39.20 million (about US$ 52.25 million). This brings total disbursements under the ECF for budget support thus far to SDR 166.90 million (about US$ 222.5 million).