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October 22, 2021

Tanasescu: IMF third tranche to be released next month

The third tranche of the IMF loan, worth EUR 2.3 bln, could be released until February 21 at the latest, Romania’s representative to IMF, Mihai Tanasescu, declared, Antena 3 informs.

An IMF World Bank and European Commission joint team arrived yesterday in Bucharest to discuss with the Romanian authorities. The delegations must decide if Romania fulfills the conditions for receiving a new tranche. In the meantime, being in Vienna at a seminar on economic issues, Jeffrey Franks, chief of the IMF mission of evaluation of the stand-by agreement, declared that IMF has for this year an ambitious agenda of reforms and programmes in Romania, whose implementation will prepare the economy for relaunching at the end of the crisis. “I am optimistic that we can make an important progress in 2010 and when the crisis comes to an end the economy will be ready for relaunching,” Franks said, quoted by Mediafax. He pointed out that the agreement with Romania has never been considered in danger of derailment, some postponements alone being necessary because of the elections. “It was an understandable break because of the political crisis,” Franks explained. He added that 2010 will be a year of return of the economy into the growth area, and Romania could be a “success story.”

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