Premier, IMF head agree on importance of continuing structural reforms and increasing absorption of European funds

Premier Victor Ponta on Monday, at the Victoria Palace, met Managing Director of the International Monetary Fund (IMF) Christine Lagarde. The two officials agreed on continuing the structural reforms and the increase in the absorption of European funds, informs a release the Government.

‘The sides agreed on the importance of continuing the structural reforms and increasing the absorption of European funds as motive powers of the medium and long-term economic growth,’ reads the above-mentioned source.

The Executive says that during the meeting referred to the Romanian Prime Minister revealed the economic achievements of the Government and the macroeconomic policies considered for the time to come.

The Government also makes it clear that the IMF Managing Director congratulated the Romanian authorities for successfully concluding the agreement that was finalized in June as well as for Romania getting out of the excessive budget deficit procedure.

The Managing Director of the International Monetary Fund arrived in Bucharest on Monday.

‘During her visits Christine Lagarde will meet officials and decision makers as well as representatives of the private sector, of the civil society and the academic environment in order to discuss the current economic prospects and the challenges that either of the two countries will have to face,’ informs the IMF.

She will have a meeting with President Traian Basescu at the Cotroceni Palace on Tuesday.

Lagarde is paying her first visit to Bucharest after being appointed to this position in July 2011.

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