It is a great pleasure for me to be here in Berlin and to speak to you today. So, thank you for the invitation and for giving me this opportunity. Unfortunately, the circumstances under which we meet here today are still very oppressive. The longer the war in Ukraine lasts, the more death and suffering it will bring. At the same time, the economic consequences of the conflict are threatening to become more and more severe. As Kristalina Georgieva put it in her welcoming address for the IMF Spring Meetings: “We are facing a crisis upon a crisis, a war on top of a pandemic; and it is like being hit by another storm ... (full story)