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Priorities for Romania: healthcare system, arrears, investments and state companies
Jeffrey Franks, IMF mission chief, said on Monday that Romania must have four priorities in the forthcoming period:
- Continue the reform in the healthcare system, a system that the IMF mission chief considers to be “very sick” and in need of a “comprehensive reform”;
- Eliminate arrears, as “these unpaid bills represent a major obstacle on the country’s growth path”;
- Increase expenditure on public investments, including the absorption of European funds, which is “a great stimulus to economic activity”;
- Implement profound reforms in state enterprises.
On what concerns the last direction, the IMF mission chief said that “progress has been made for many state enterprises. In many cases, the Government has decided to go with total or partial privatization. I would encourage the Government to be more ambitious in this area.”
Franks added that the IMF established together with Romanian authorities a total of 15 state companies that will have private managers, among which there are the largest companies that will be privatized. He pointed out that in some cases, managers will be appointed in private transport companies where the state will sell minority stakes.
Franks added that the IMF established together with Romanian authorities a total of 15 state companies that will have private managers, among which there are the largest companies that will be privatized. He pointed out that in some cases, managers will be appointed in private transport companies where the state will sell minority stakes.
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