- Church must help the poorest, not dissect theology, pope says
- Indonesia's nationwide healthcare plan stumbles at first hurdle
- United's Ferguson bows out on a high of sorts
- Hezbollah steps up Syria battle, Israel threatens more strikes
- Afghanistan's Karzai seeks Indian military aid amid tensions with Pakistan
IMF says Italy on right track, must not let up on reform
ROME (Reuters) - Italy has made strong progress in shoring up its public finances and making structural reforms since the arrival of Prime Minister Mario Monti but must do more to revive economic growth, a senior IMF official said on Wednesday.
"Italy is on the right track and has made remarkable progress in the past six months," Reza Moghadam, director of the fund's Europe department said at a news conference in Rome following a regular annual inspection of Italy by a team from the International Monetary Fund.
He added that Italy should move quickly to implement labour market reforms.
Italian Prime Minister Mario Monti said at the same conference that the IMF's assessment showed that structural reforms to boost growth cannot be delayed.
(Reporting by James Mackenzie)
- Tweet this
- Share this
- Digg this