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Kristalina Georgieva: Bulgaria should be careful in the months leading up to joining the eurozone

IMF chief Kristalina Georgieva
Photo: EPA/BGNES archive

Bulgaria is at a very decisive point on its path to introducing the European currency and must be very careful in the coming months so that the criteria are met, International Monetary Fund Managing Director Kristalina Georgieva told BTA. According to her, in this risky world, it is even more important for our country to be in the eurozone.

“We see that the unification of Europe is a factor in increasing its competitiveness in a rapidly changing world, that the euro is becoming more attractive in this multipolar world,” Kristalina Georgieva emphasized.

The IMF director also emphasized the need for reforms in the pension and tax systems to ensure long-term sustainability. “The pension system will not last if measures are not taken to strengthen it. Bulgaria is an aging nation and if we want to pay pensions in the future, the retirement age must be increased and the financial balance of the system must be improved,” she was categorical.

An IMF report on world demography points out that countries like ours must take more care to ensure that people are healthy and able to work for longer. “The motto is ‘Seventy is the new fifty’ and I am proof of this,” Kristalina Georgieva concluded.

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Radio Bulgaria News    IMF International Monetary Fund Kristalina Georgieva

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