By Okafor Joseph
The International Monetary Fund urged Croatia to accelerate the pace of structural reforms to improve competitiveness and mid-term growth prospects. “There is a need for more ambition in reforms,” the IMF mission chief Khaled Sakr said, CNA reported. The IMF said there was a need to reform the public administration to make it less costly and more efficient, improve the business environment, make labor regulation more flexible, use still idle state assets more efficiently and make legal processes simpler and faster. The IMF projects Croatia’s growth this year at 3.1% slowing down to 2.8% in 2018.