Jaewoo Lee

According to Jaewoo Lee, Head of the IMF mission for Bulgaria, inequality in this country keeps growing, BNR reported.

Romania's consumption-fueled growth has raised macroeconomic imbalances, including inflation pressure and increased fiscal and current account deficits, so a change in the course of policies is needed to reduce the likelihood of another boom-bust scenario, the International Monetary Fund writes in its Staff Concluding Statement of the 2019 Article IV Mission posted on Friday.

A staff team of the International Monetary Fund (IMF) led by IMF Head of Mission Jaewoo Lee will be in Bucharest May 27 - June 7. On Monday, an IMF staff team led by Jaewoo Lee began a two-week visit to Bucharest to conduct an annual review of the Romanian economy, known as Article IV consultations. The team will discuss economic developments and policies with Romanian officials.

Bulgaria's push to join the euro zone is having a beneficial impact on the country, the International Monetary Fund said on Friday, reports Reuters. 

In order to join the ERM-2 mechanism, the two year "waiting room" for the euro zone this summer, Bulgaria has committed to improve financial sector supervision, anti-money laundering measures and management of state-owned companies.

The key to stamping out tax evasion in Romania is a new software and hardware IT system at the National Tax Administration Authority (ANAF) and a collaboration between institutions, Dragos Doros, Vice President of the Tax Consultants Chamber (CCF) and former president of Tax Administration stated on Tuesday.

The fight against corruption must continue because it would help improve the governmental revenues and increase the expenditure efficiency, new International Monetary Fund (IMF) mission chief for Romania Jaewoo Lee told a news conference on Friday.