Stiri	Stiri afaceri	Stiri companii	Evenimente de afaceri

IMF: European funds, the most important element in Romania's 2012 economic growth strategy

European funds are the most important element in the 2012 economic growth strategy of Romania, head of the International Monetary Fund (IMF) mission in Romania Jeffrey Franks said on Monday at the beginning of a meeting with Romanian European Affairs Minister Leonard Orban.

Franks said the IMF agrees that the absorption of European funds is of crucial importance, the most important element in the country's economic growth strategy for 2012. Because of a very uncertain economic context, he added, investment projects funded by European funds could prove an important engine for growth.

Orban said that the Romanian European Affairs Ministry is a two-hat ministry, responsible for both European affairs and the management of European structural funds. 'This is a very important and very difficult task, but we believe we will succeed. We want to significantly improve the absorption of European funds in Romania,' said Orban.

Management authorities made financial corrections for less than 10 pct of European projects

The management authorities for programmes funded by European money applied financial corrections for less than 10 percent of the projects, said Minister of European Affairs Leonard Orban on Monday.'We are talking about a percentage below 10, but that represents a fair number of projects, and the corrections applied are hefty,' said the MAEur official.

Orban said these financial corrections have already been made and they are known by the projects' beneficiaries and some of them contested them and will end up in court with them. 'With the evaluations and the corrections made we can show Brussels we are earnest and determined to improve the situation,' said the minister of European Affairs. He met on Monday with IMF mission chief Jeffrey Franks.

Sursa: http://www.actmedia.eu

Tags: european funds affairs corrections strategy orban economic important element growth

Articole similare