(Finance) – The Ecofin of EU Finance Ministers relaunched “the ambition to make ourand greener, digital economies, to boost our resilience.”
And in the first session of the informal summit in Santiago de Compostela, Spain “we discussed two concrete solutions: first the agenda with Latin America and the Caribbean which will push sustainable growth and the fair and digital transition”, reported the Vice President of the European CommissionValdis Dombrovskis at the press conference at the end of the first Ecofin session. “Second – he continued – we talked about the reform of the global financial architecture”, always with the aim of strengthening resilience and equity.
As for the reform of the architecture of global financial institutions “it was discussed today by Ecofin, together with initiatives for the relief of the debts of developing countries, Dombrovskis said, explaining how “from the EU point of view we are open to discuss other avenues to ensure that multilateral financial institutions are suitable to their tasks and also to the green and digital transitions. We are ready to discuss to take steps forward,” she said.