IMF calls upon Lithua­nia for full ed­u­ca­tion re­struc­tur­ing

The Baltic Times - - BALTICS - BNS/TBT Staff

Ex­perts of the In­ter­na­tional Mon­e­tary Fund (IMF) have rec­om­mended that Lithua­nia should con­tinue with its struc­tural re­forms to achieve process, with a fo­cus on fun­da­men­tal re­struc­tur­ing of the ed­u­ca­tion sec­tor. The ex­perts said the hu­man cap­i­tal was the main driver be­hind pro­duc­tiv­ity of mod­ern econ­omy. Ac­cord­ing to the IMF con­clu­sions, Lithua­nia's econ­omy driven by pri­vate con­sump­tion is suc­cess­fully re­cov­er­ing from the slug­gish 2015-2016 pe­riod and should keep the fast pace of de­vel­op­ment in the short run. The re­forms should also help re­al­ize the ob­jec­tive of Lithua­nia's rul­ing par­ties to bridge in­come in­equal­ity, at the same time pre­serv­ing macroe­co­nomic and fi­nan­cial sta­bil­ity, IMF said in the rec­om­men­da­tions.

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