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2019.11.21 15:00

IMF calls on Lithuania to step up reforms in healthcare and education

BNS2019.11.21 15:00

The International Monetary Fund's mission in Lithuania has called on the country to step up structural reforms in healthcare and education, the Ministry of Finance says.

The IMF has acknowledged that these areas are the least efficient, Finance Minister Vilius Šapoka said on Thursday.

“It's particularly important to focus on and step up reforms in the education and health sectors. Otherwise, economic development will not be sustainable,” Šapoka said in a statement.

IMF experts also called on Lithuania to expand real estate and environmental protection taxes.

The IMF representatives believe Lithuania's growth remains relatively solid and balanced as global economy is slowing.

The IMF mission led by Borja Gracia worked in Lithuania for a week from last Friday.