IMFC Statement

IMFC Statement Statement by Christine Lagarde, President of the ECB, at the forty-third meeting of the International Monetary and Financial Committee Virtual IMF Spring Meetings, 8 April 2021 Since the previous IMFC meeting in October 2020, global prospects have improved thanks to the progress made in vaccination campaigns and the forceful policy support provided to our economies. However, this brighter outlook remains subject to considerable uncertainty, also regarding the path of the pandemic and the rollout of vaccinations. We must therefore continue to stand together to address this severe global challenge. In this environment, it is crucial to refrain from withdrawing policy support prematurely, either on the monetary or fiscal side. At the same time, it is essential to push ahead with well-tailored structural measures that will facilitate the reallocation of resources over time to more viable sectors, minimise permanent scarring effects on our economies and support potential growth in the medium term.