Washington, D.C. — Paschal Donohoe, Ireland’s Minister for Finance and President of the Eurogroup, is attending the 2025 Spring Meetings of the International Monetary Fund (IMF) and the World Bank in Washington this week, representing both Ireland and the wider euro area.
These annual meetings convene global finance ministers and central bank governors to assess and respond to mounting economic and development challenges, particularly as uncertainty clouds the global outlook.
Minister Donohoe is expected to engage in high-level discussions on international economic coordination, financial stability, and responses to crises such as the war in Ukraine and the global inflationary environment. He will take part in the G20 and G7 Finance Ministers’ meetings, as well as the Seventh Ministerial Roundtable for Support to Ukraine.
In a statement released ahead of the meetings, Donohoe emphasized the vital role of global cooperation:
“Now, maybe more than any time in recent memory, we need these institutions to help address the global challenges that we face,” he said, referring to the IMF and World Bank’s 80-year history.
“Multilateralism, particularly in the face of persistent and ongoing global conflicts and recent economic turbulence, is key for securing effective and resilient outcomes.”
The Minister’s agenda also includes meetings with senior IMF and World Bank officials and international business leaders. Discussions are expected to cover global debt risks, the replenishment of the World Bank’s International Development Association (IDA), and the IMF’s latest assessment of global economic trends.
As Eurogroup President, Donohoe will also use this platform to communicate and align European financial policy objectives with global counterparts, ensuring the euro area’s voice remains central in shaping economic recovery and development efforts.
Sources:
- Reuters – Eurogroup Chair Donohoe returns as Irish Finance Minister
- IMF Official Site – Spring Meetings 2025
- gov.ie – Department of Finance Updates
Finance Minister Paschal Donohoe Picture on Flickr by WEF
