International Monetary Fund (IMF) Managing Director Kristalina Georgieva told BTA’s Spas Stambolski Sunday it’s even more important for Bulgaria to meet all euro-area entry criteria and put its house in order at the close of the Spring Meetings of the IMF and the World Bank in Washington DC.

The country needs to meet the criteria for membership and use this opportunity to strengthen its competitiveness, Georgieva said.

She also noted the need for reforms in the pension and tax systems to ensure long-term stability.

Regarding the meetings of the World Bank and the IMF, Georgieva said these are always useful because members can discuss the current state and direction of the global economy together. This allows them to better understand the global situation and future trends.