The reforms under way in the public administration and those that will raise the retirement age move in this direction. The curtailment of tax evasion can be a major factor for growth if it corresponds to the lowering of the rates levied on honest taxpayers.
With the economic upswing, global payments disequilibria will tend to widen once more, heightening the connected risks to the sustainable growth of the world economy. The International Monetary Fund is fully committed to ensuring macroeconomic stability, but these imbalances, in being for more than a decade now, will persist for an extended period, and they will have to be funded.