At a Eurogroup meeting on 5 April, euro area finance ministers were briefed by the European institutions on progress made by the Greek authorities in implementing reform commitments specified in the Eurogroup statement of 22 June 2018. Greece has adopted a budget for 2019 that is projected to ensure the achievement of the primary surplus target of 3.5% of GDP and has completed important structural reforms including key privatisation transactions. Regarding Banking Union, the European Central Bank's Supervisory Board Chair Andrea Enria presented recent activities of the Supervisory Board, covering non-performing loans, Brexit preparedness, anti-money laundering, and the supervisory challenges for 2019, while the Chair of the Single Resolution Board, Elke König, informed ministers about the ongoing activities of the SRB. Ministers also reviewed inflation and exchange rate developments over the past months in preparation for upcoming IMF spring meetings; discussed the updated draft budgetary plan of Luxembourg for 2019; and exchanged views on the euro area's economic outlook and challenges with the Chair of the European Parliament's ECON (Economic and Monetary Affairs) Committee, Roberto Gualtieri. Meeting in inclusive format, EU finance ministers continued their discussion of Economic and Monetary Union deepening, with an exchange of views on the features of the budgetary instrument for convergence and competitiveness for the euro area, particularly governance aspects.