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Mixed signals regarding reform of Romanian state companies - IMF official

The signals regarding the reform of the state companies in Romania are mixed, with better developments in the transport sector, the Romanian representative at the International Monetary Fund (IMF) Mihai Tanasescu told a private television channel on Sunday.

'We have good signals and not so good signals. We have good signals in the transport sector, where things try to be moved on, to be put on a correct direction and there are less good signals in the economic sector, at the Economy Ministry, where we witness a slowdown of the reforms', Tanasescu stressed.He voiced hope that 2012, being an electoral year, would not run counter the structural reforms programme.

All the indicators agreed in the IMF accord have been met, Tanasescu underscored, adding that the management privatisation is very important, because one knows that the influence of the political factor in the state companies having amassed arrears is very strong. He warned the IMF could make the requirements for Romania much more stricter, in the event that Bucharest failed to meet the deadlines for the reform of the state companies.

'Romania is capable of proving that the indicators relating the state companies' arrears have been met for the third quarter of 2011', Tanasescu said.

'I assure you that the issue of the state companies' restructuring will be resolved in the next two years, but it is not a simple process, given we speak of more than 800 companies', he added.

The International Monetary Fund, the European Union and the World Bank are conducting a fresh mission to Romania over Oct. 25-Nov. 7 to assess the budgetary policies as part of the third evaluation of the precautionary standby agreement closed with Romania.

Sursa: http://www.actmedia.eu

Tags: companies state reform signals

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