The Government must continue its efforts to encourage public investments, especially after the reduction of the required national co-financing level for projects that use EU funds, said Franks. He added that projects with the greatest benefit should be given priority.
The healthcare system is the second major challenge, as resources are spent inefficiently, to the disadvantage of people in need, said the IMF official.
The authorities have nearly eliminated the arrears of the state budget and social security budget, but are only just starting to focus on the arrears of state-owned enterprises, said Franks. These debts are a major obstacle to growth, because the enterprises have no money left for investments.