European Commission President Ursula von den Leyen and Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), signed on Tuesday a new Financial Framework Partnership Agreement to boost bilateral cooperation and help countries in achieving the Sustainable Development Goals.
“The European Union and IMF are strong partners. We jointly want to find solutions to global issues, notably in Africa. Today’s new Agreement will allow us to focus better on climate change and digital challenges,” stated von der Leyen over the signing of the new agreement.
“This Agreement will deepen our collaboration and help us do more together, especially where it matters the most — in low-income countries and fragile states,” said Georgieva.
The IMF chief tweeted on Tuesday that the new agreement will assist countries in building strong economic and financial institutions, as well as policies to benefit everyone.
The European Union is the IMF’s main partner in capacity development since 2016.