The Role of the European Central Bank in the Design and Implementation of Financial Measures in Crisis-Hit Countries

09-02-2016

What is the role of the European Central Bank (ECB) in the context of the so-called “Troika”? The ECB’s role within the Troika (the enhanced cooperation between the International Monetary Fund (IMF), the European Commission, and the ECB in euro-area programme countries) mainly consists of acting in liaison with the Commission and the IMF to assess economic policy conditions attached to the financial assistance in programme countries and of reviewing these conditions on a regular (usually quarterly) basis. The ECB provides advice and expertise on a broad range of issues which are relevant for monetary policy and financial stability.

What is the role of the European Central Bank (ECB) in the context of the so-called “Troika”? The ECB’s role within the Troika (the enhanced cooperation between the International Monetary Fund (IMF), the European Commission, and the ECB in euro-area programme countries) mainly consists of acting in liaison with the Commission and the IMF to assess economic policy conditions attached to the financial assistance in programme countries and of reviewing these conditions on a regular (usually quarterly) basis. The ECB provides advice and expertise on a broad range of issues which are relevant for monetary policy and financial stability.