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Christine Lagarde
Christine Lagarde is the eleventh Managing Director of the IMF and the first woman to hold this position. She took up her current post in July 2011. Previously, Christine Lagarde was a member of the French government, which she joined in June 2005 as Minister for Foreign Trade. In June 2007, she became the first woman to hold the post of Finance and Economy Minister of a G-7 country. From July to December 2008, she chaired the ECOFIN Council. When France took over the G-20 presidency for the year 2011, she, as Chairman, launched a wide-ranging work agenda on the reform of the international monetary system. Christine Lagarde started her career in the international law firm of Baker& McKenzie, where she became Chairman of the Global Executive Committee in 1999 and subsequently Chairman of the Global Strategic Committee in 2004. Christine Lagarde was named Officier in the Légion d'honneur in April 2012.
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Is Germany’s “business model” at risk? Talk followed by a panel discussion ikf institut für kredit- und finanzwirtschaft e. V.
Bundesbank President Joachim Nagel, speaking at an event at Ruhr University Bochum, has called for further interest rate steps. Looking to future developments, he said: “In my view, it is by no means certain that interest rates will reach their peak as early as this summer.” He believes that the German economy is well placed to rise to the challenges ahead, even if it did contract over the past two quarters: “With regard to the remainder of the year, our economists are cautiously optimistic. Things should start to pick up again soon, then.”
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German balance of payments in August 2023
Germany’s current account recorded a surplus of €16.6 billion in August 2023, down €2.2 billion on the previous month’s level. While the balance in invisible current transactions, which comprise services as well as primary and secondary income, moved into positive territory, there was a sharper decline in the surplus in the goods account.
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Overcoming the remaining hurdles in cross-border payments Speech delivered at the Global Payments Summit
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German balance of payments in July 2023
Germany’s current account posted a surplus of €18.7 billion in July 2023, down €9.7 billion on the previous month’s level. This decrease was due to a narrowing of the surplus in the goods account and a depletion of that in invisible current transactions, which comprise services as well as primary and secondary income.
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German balance of payments in April 2024
In April 2024, Germany’s current account recorded a surplus of €25.9 billion, down €1.9 billion on the previous month’s level. This was due to a decrease in the goods account surplus.