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President Iohannis: talks with a visiting delegation of IMF were somber in tone

Romania's President Klaus Iohannis on Thursday welcomed at the Cotroceni Presidential Palace a delegation of the International Monetary Fund (IMF) led by head of the IMF mission for Romania Reza Baqir.

The Presidential Administration reports in a press statement that the meeting was designed to unveil the main conclusion of the mission's periodic evaluation by virtue of Romania being a member state of the International Monetary Fund.

Talks focused on the recent economic developments in Romania, with Baqir underscoring the need for sound economic policies that will consolidate Romania's economic growth of late, especially because the current tax and budget framework runs a series of risks and vulnerabilities.

The Presidential Administration says emphasised at the meeting was the need to rethink the trend of economic policies of the past years from policies for and measures centred on strong stimulation of consumption to policies of support for investment and the production assets of Romania's economy.

"The IMF official showed that Romania needs to improve its absorption of European funds and significantly improve its National Tax Administration's revenue collection, while also securing predictability and support for the continuation of the fight against corruption," reads the statement.

In his turn, Iohannis mentioned the importance of an increase in confidence in Romania's economy through credible public policies, efficiency and transparency in public spending, as well as thorough a competitive business environment.

President Klaus Iohannis on Friday said that talks with a visiting delegation of the International Monetary Fund (IMF) were somber in tone, adding that the IMF officials shared with him some well justified concerns. 

"I recognise that talks were somber in tone and the IMF delegation shared with me some well justified concerns. They are at the end of the evaluation mission and told me that they told the same things to the prime minister and the finance minister. I very much hope these matters will be taken into account," Iohannis said at the Cotroceni Presidential Palace. 

Romania's President Klaus Iohannis on Thursday welcomed at the Cotroceni Presidential Palace a delegation of the International Monetary Fund (IMF) led by head of the IMF mission for Romania Reza Baqir. 

The Presidential Administration reports in a press statement that the meeting was designed to unveil the main conclusion of the periodic evaluation missions by virtue of Romania being a member state of the International Monetary Fund. 

At the end of the meeting, a wish was voiced for the continuation of the good cooperation between Romania and the International Monetary Fund so that the overall economic climate may be stable and conducive to increased prosperity, the statement says.

Romania's perception in the region and on an international level is a positive one in terms of the fight against corruption, head of the IMF mission for Romania Reza Baqir told a press conference on Friday. 

In the latest report of the team, we discussed the importance of the fight against corruption and progress. For the IMF, this fight against corruption is very important. In the key-area where we provide assistance, such as the fiscal administration, the improvement of the public spending efficiency, we have said each time that there is a bilateral relation, Baquir said. 

According to him, the fight against corruption contributes to making spending transparent and efficient, as well as to drawing investment. 

Romania's perception in the region and on an international level is positive. We'll continue to underscore the importance of this area and obtaining results in the battle against corruption will help Romania, not necessarily as such, but through the effects it has on the economy, the IMF official highlighted.



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