Euromoney and the IMF/World Bank: A special relationship
For those that work on them, every edition of Euromoney is special. We try our utmost to reflect the issues of the moment, to delve into the intricacies of the global financial system and never forget that our duty is both to inform and to entertain.
Throughout 2019, we’ve poured our hearts and souls into reflecting the rich history of Euromoney, and the markets that we cover, to celebrate this magazine’s 50th anniversary. Our first edition was launched in June 1969.
Just 15 months later, Euromoney made its debut at the World Bank/IMF annual get-together, passing itself off as the ‘official magazine of the meetings’ – a ruse of our founder, Sir Patrick Sergeant. Fortunately, the powers that be forgave our predecessors and ever since then there has been a close relationship between the two organizations.
Over the years, the Euromoney IMF/World Bank issue grew in importance and size. The people we were writing about every month were all there every year in Washington – or farther-flung locations when the IMF hit the road. We had to be there with them and we have been ever since.
So the IMF/World Bank 50th anniversary edition is a very special one indeed.
It is remarkable to look back now and reflect on how much of Euromoney’s first three decades of coverage dealt with issues surrounding sovereign risk. Government bonds were the biggest part of the market and, therefore, the biggest part of our coverage.