Jorg Decressin
The IMF Supports Bulgaria's Efforts to Enter the Eurozone Waiting Room
The International Monetary Fund (IMF) supports Bulgaria's efforts to join the mechanism prior to the introduction of the euro (ERM II). This was stated by the head of the mission of the Fund in Bulgaria, Jorg Decressin, quoted by investor.bg.
Jorg Decressin pointed out that joining the currency union will bring benefits but also new responsibilities to Bulgaria.
Balkans Need Legal Reforms to Boost Economies, IMF says
Balkan nations need to develop a legal framework for dealing with bad loans, speed up judicial reforms and improve bankruptcy and insolvency laws to improve their economic prospects, the International Monetary Fund said in report on Monday.