In­ter­na­tional Mon­e­tary Fund urges Spain to keep re­form fo­cus ahead of year-end gen­eral elec­tions

The China Post - - WORLD BUSINESS -

Spain must stay the course on eco­nomic re­forms if it wants to gen­er­ate growth and re­duce its sky-high un­em­ploy­ment rate, ahead of a year-end gen­eral elec­tion, the In­ter­na­tional Mon­e­tary Fund said Fri­day.

“The clearer we are in not re­vers­ing ex­ist­ing struc­tural re­forms and fis­cal con­sol­i­da­tion, the stronger is the de­fense against any ex­ter­nal risks,” said Helge Berger, chief of the IMF mis­sion in Spain fol­low­ing the pub­li­ca­tion of the body’s an­nual re­port on the coun­try.

The Washington-based IMF warned that back­track­ing on re­forms would “cre­ate un­cer­tainty and dam­age the re­cov­ery, es­pe­cially if ex­ter­nal con­di­tions de­te­ri­o­rate.”

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