World Bulletin / News Desk
The IMF on Monday hailed French President Emmanuel Macron's "ambitious" reform programme, saying his spending cuts and tax overhaul could "go a long way in addressing... longstanding economic challenges".
"The new government is pushing ahead with an ambitious economic programme to make France's economy more dynamic and its public finances sustainable," the IMF said after its annual analysis of the French economy.
"The envisaged labour and tax reforms are aimed at boosting growth, employment, and competitiveness," it added.
It also said the centrist government under 39-year-old former banker Macron "has rightly emphasized" the need to decrease public spending.
The IMF said such a move "would help gradually reduce the budget deficit and debt".
The government has pledged to meet the EU deficit limit of 3.0 percent of GDP in 2017, a target France has missed for the past decade.
The government said last week it had identified 4.5 billion euros ($5.1 billion) in savings in order to meet the goal.
Macron took power in May after beating far-right leader Marine Le Pen in the presidential election.
Police report states driver of car that killed pedestrian in Arizona was streaming television show
Decision follows Trump's pledge to end “war games” during Singapore summit
Conservative bill was widely expected to fail in the chamber
Washington urges Moscow to reign in ally amid offensive in de-escalation zone
‘Koko touched lives of millions as an icon for interspecies communication and empathy’, Gorilla Foundation says
Nato Secretary General Jens Stoltenberg says they will look into strengthening transatlantic bond in summit next month
Administration to no longer require immediate legal proceedings for undocumented adults who cross illegally with children
Trump administration makes request following backlash over its immigration policy
President says he will take ‘preemptive’ action to halt the actions that have drawn widespread criticism
Al-Sadr’s Sairoon bloc fails to form governing coalition with Al-Wataniya, National Wisdom Movement
Top Trump advisers arrive in Cairo after earlier stops in Jordan, Saudi Arabia
Official results of May 12 elections have been dogged by controversy
Muhammed Ebu Dekka was wounded by Israeli gunfire on May 14, says Palestinian Health Ministry
Protestors march from Bryant Park to United Nations headquarters