Sat, Feb 11 2012

LABOUR UNION TURNS TO IMF REPRESENTATIVE IN BULGARIA

Thu, Mar 02 2006 16:56 CET

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Podkrepa Labour Confederation sent an open letter to IMF resident representative James Roaf, expressing the standpoint of Bulgarian labour unions.

Earlier Roaf criticised national delays in accepting a new payment system which might decrease worker wages by up to 30 per cent, Focus news agency reported.

Bulgaria is an independent country, which determines on its own social policies, the letter reads. Workers in Bulgaria are already disappointed with IMF policies, Podkrepa states.

IMF advocates strict fiscal policies, which gives Bulgaria one of the last places in Europe based on income rates. A significant part of the national budget is allocated for fiscal security rather than for developing the Bulgarian infrastructure system.

Labour unions point out Bulgarian officials accepted such social engagements under IMF pressure, without fully understanding their implications.

Such developments will threaten Bulgarian social stability the letter concludes. Bulgaria should not be experiencing such problems shortly before entering the EU, reads the labour unions' position.

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