Luxembourg Ministry of Finance hosts IMF constituency meeting of finance ministers and central bank governors on fragmentation and multilateral cooperation

The Luxembourg Ministry of Finance reported on the IMF constituency meeting held in Luxembourg from 2 to 4 July 2025, bringing together finance ministers and central bank governors from Luxembourg’s International Monetary Fund (IMF) voting group under the theme “Our constituency in an increasingly fragmented world”. The meeting served as a forum for discussing major international economic and financial issues in a context of heightened uncertainty and fragmentation. Alongside the 16 participating countries (Andorra, Armenia, Belgium, Bosnia and Herzegovina, Bulgaria, Croatia, Cyprus, Georgia, Israel, Luxembourg, Moldova, Montenegro, the Kingdom of the Netherlands, North Macedonia, Romania and Ukraine), representatives of the IMF, the World Bank Group, the European Investment Bank, the European Stability Mechanism and the European Commission took part. Discussions focused on European Union enlargement and trade, World Bank strategic priorities in Europe and Central Asia, fiscal policy in times of conflict, the role of industrial policy, central banks’ role in the green transition, and mobilising private financing to support employment and sustainable growth; on the margins, Luxembourg’s finance minister Gilles Roth held bilateral meetings with counterparts from Andorra, Belgium, Georgia and North Macedonia.