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Croatia: IMF suggests reform of public administration
Way to a 'more efficient State' and better-working economy
11 December, 14:43
(ANSA) - BELGRADE, DECEMBER 11 - The International Monetary
Fund (IMF) has suggested to Croatia to focus on a "sizable
restructuring of public administration" in order to create a
"more dynamic economy and a more efficient State," the IMF said
in a concluding statement at the of a mission in the country.
"Durably fixing the healthcare and pension systems are two of the other important issues to tackle," the IMF added.
The Fund underlined that macroeconomic developments have been positive in Croatia lately, with growth continuing to be strong and unemployment declining.
However, relatively low public and private investment hampers medium-term growth prospects, the IMF added. The Fund noted that emigration of the young and population aging represent a major challenge for the country, as they are generating labor shortages and challenge the long-term sustainability of the pension and the healthcare systems.
According to the last European Commission economic forecasts, Croatia will register a real GDP growth forecast at 2.8% in 2018, and 2.7% in 2019. (ANSA).
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"Durably fixing the healthcare and pension systems are two of the other important issues to tackle," the IMF added.
The Fund underlined that macroeconomic developments have been positive in Croatia lately, with growth continuing to be strong and unemployment declining.
However, relatively low public and private investment hampers medium-term growth prospects, the IMF added. The Fund noted that emigration of the young and population aging represent a major challenge for the country, as they are generating labor shortages and challenge the long-term sustainability of the pension and the healthcare systems.
According to the last European Commission economic forecasts, Croatia will register a real GDP growth forecast at 2.8% in 2018, and 2.7% in 2019. (ANSA).
