The head of International Monetary Fund (IMF) Christine Lagarde urged France to speed up reforms to reduce the budget deficit and enhance development.

In an interview with French daily Les Echos published today, IMF head is urging France to implement “truly, rapidly and fully structural reforms likely to generate growth”

Last month, the government of socialist President Francois Hollande was forced to abandon the growth and fiscal targets for 2014 and 2015 after data showed that the economy delivered no growth for a second straight quarter.

Lagarde, who was finance minister of France from 2007 to 2011, also stated that she did not believe the austerity policy of eurozone had been excessive and described the pace of deficit reduction “appropriate in each country” of the eurozone.