The Slovenia Times

FinMin, Governor in Washington for IMF Spring Meetings


Officially running from Friday to Sunday, the meetings will culminate on Saturday with a session of the International Monetary and Financial Committee (IMFC) and the IMF and WB's joint Development Committee.

Finance Minister Mramor will meet representatives of both institutions to debate Slovenia's macroeconomic situation and future cooperation.

A few days ago, the IMF upgraded Slovenia's economic growth outlook for 2015 to 2.1% from February's 1.9%.

The forecast for 2016 was likewise revised by 0.2 points to 1.9%.

The upgrade came on the heels of revisions by major domestic macroeconomic forecasters.

Delie Velculescu, who heads the IMF mission to Slovenia, said the upgrade was mostly a consequence of favourable external factors.

"It largely reflects the impact of the ECB's quantitative easing program, the depreciation of the euro, and oil price decline on both exports and domestic demand."

She said that to secure sustainable long-term growth, Slovenia should continue to focus on corporate debt restructuring, bolstering corporate governance and structural reforms that deal with the negative demographic dynamic.

Mramor will also be meeting investors into Slovenian bonds and officials from the IMF's constituency to which Slovenia belongs (Austria, Belarus, Czech Republic, Hungary, Slovakia, Turkey and Kosovo).

He has already visited the Silicon Valley and Stanford University and met Slovenian businessmen in San Francisco.

Slovenia's central bank Banka Slovenije however failed to provide any details about governor Jazbec's agenda at the IMF meetings.


More from Nekategorizirano