Informative meeting with the President of the Finance Committee of the French National Assembly

Jeffrey Franks, the Director of the IMF Europe Office, met for an informative meeting with the President of the Finance Committee of the French National Assembly Eric Woerth, and Vice President Jean-Nöel Barrot, on Thursday, December 6 2018. Mr. Franks presented the latest IMF’s Regional Economic Outlook for Europe and proposals for reforms of the euro area architecture.

Participants agreed that risks to the baseline are intensifying, and expressed interest in the Fund’s estimates of the US/China escalating trade tensions and the consequences of Brexit. The possible drivers of the global productivity slowdown were discussed, especially with regard to the Italian worrying productivity trends. There was also interest in the Fund’s assessment of France’s wage levels, including the minimum wage, and the indebtedness of non-financial corporations.

Founded in 2000, the Parliamentary Network is an independent, non-governmental organization that provides a platform for Parliamentarians from over 140 countries to advocate for increased accountability and transparency in development cooperation. Jeremy Lefroy is the current Chair of the Parliamentary Network.

 

The Network – via its international secretariat, regional chapters and country chapters – reaches over 1000 Parliamentarians in Africa, Asia, Europe and the Americas. It strives to increase transparency and accountability in the development cooperation process by fostering the oversight role of parliaments and civil society. The Network has a specific focus on multilateral aid and a sub-focus on the work and modus operandi of the World Bank Group and the International Monetary Fund (IMF), the world’s largest multilateral funders.

 

It provides a platform for MPs and civil society to hold to account their own governments, as well as International Financial Institutions (IFIs), for development outcomes.

Membership is free of charge and open to elected parliamentarians who currently hold a mandate. As a member, you will receive The Parliamentary Network on the World Bank and International Monetary Fund’s policy materials, including the quarterly Network Review publication and the Parliamentarians and Development series.

You will also be eligible to attend the Annual Conference and participate in discussions with senior World Bank and IMF leadership. You can also be invited to take part in the Parliamentarians in the Field country visit programme.
In addition, the The Parliamentary Network on the World Bank and International Monetary Fund often invites partner organizations to join its activities.
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