In spite of its somewhat shaky public image the International Monetary Fund remains a conservative establishment, and is not indulging Slovenia in its recommendations, according to the Chamber of Commerce and Industry of Slovenia (GZS) analyst Bojan Ivanc: "IMF was relatively strict towards Slovenia; I presume it is the consequence of the bad experience regarding our following the recommendations in the past."
The consistent following of the recommendations could start political and social dispute, therefore the question remains whether the government will comply with all the recommendations. "IMF recommendations are hardly ever realistically feasible regardless of the country, but they point into a direction also Slovenia should choose," Ivanc believes.
It is recommended that a greater number of older people up to the age of 67 should be kept in the labour market, while students should complete their education and start working sooner. Yet, how to accomplish that goal, when supposedly there are no jobs for the young?
More private and less public property
The IMF also recommends that Slovenia should insure against future market shocks by gradually reducing deficit, and reducing debt, with more private and less public property, by privately financed little bad bank, privatisation of NLB, and also by transferring a number of risks from public to private sector in order to avoid overburdening or destruction of public finances and public systems in case of another crisis in future.