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Peter Harold – World Bank country director
- The crucial question changes from what reforms to undertake to regain growth from what reforems to undertake to maintain sustainable growth on the medium term
- The reform process was determined by the requirements of being NATO and EU members
- What we believe Romania needs is a development policy based on its own needs
- Our proposals are not meant to tell Romania what to do or impose certain themes Romania needs to implement our analysis on the long term
- Economic stability is a requirement to a stable increase in the future
- We left with a deficit of 8% of GDP and now it’s 4% of GDP
- Since anti-crisis measures were implemented, there was a small volatility of the exchange rate Romania had one of the biggest risks in the region now it is below other countries in the region
- We admit that the economy is stble but how about growth? There will be a certain increase in the future IMF estimates will be 1.4%, 3.5%-4% in 2012 and about 4% in 2013
- We need to figure out more ways to bring more women, more people from the rural area on the labour market
- How to improve infrastructure through EU funds
- Money should be invested where they will make a difference, we need to finish projects started because otherwise we will not get anywhere
