IME Students Club 4th meeting – lecturer Simeon Djankov
On 18th of June 2009 IME Students Club gathered again to meet Simeon Djankov, chief economist of the finance and private sector vice-presidency of the World Bank and the creator of the Doing Business series. Mr. Djankov talked about the long-term policies in Bulgaria, focusing on healthcare, energy and the state ownership. More than 80 students participated actively in the discussion following Mr. Djankov lecture.
To put it shortly, most of the problems in those spheres come not because of the lack of money (as widely believed), but through bad governance and inefficiency. More competition and therefore choice for the consumers, market prices and independent from the government management of the state companies were viewed as important steps for the near future.