PRESS RELEASE
Ljubljana, 28/03/2006
RECOMMENDATIONS OF THE INTERNATIONAL MONETARY FUND FOR
SLOVENIA
The regular annual mission of the International Monetary Fund (IMF) has recently concluded
regular annual 14-day consultations with Slovenia. The aim of these consultations is to review
current economic trends and future challenges.
At yesterday's press conference the Head of the Mission, Juan-Jose Fernandez-Ansola, said
that Slovenia was one of the most developed new member states, and that the forthcoming
adoption of the euro was a considerable achievement. He added that it seemed the Slovenian
government was well aware of the long-term challenges, as it had covered them in its
programme of economic and social reforms. He also stressed that there are a few particular
long-term challenges, such as the implementation of pension and fiscal policy reforms, and
creating conditions for a more flexible labour market.
Yesterday, the Slovenian Minister of Finance, Andrej Bajuk, said that Slovenia's challenges
were long-term sustainability, and progress in certain key areas, and agreed with Mr
Fernandez-Ansola that in the area of fiscal policy the country must undertake the necessary
structural reforms. Mr Bajuk likewise stressed the need for reducing public spending and
increasing its effectiveness. He added that Slovenia is aware of the fact that it is ''a society
facing the greatest challenges regarding the ageing of the population in Europe.'' According to
the Minister, Slovenia must '' purge the pension system, and at the same time ensure that it
continues to be financially sustainable.''
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