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February 26, 2021

Vladescu suggests precautionary agreement with China

Romania should consider a EUR 4 bln precautionary arrangement with China, which should be focused on investment projects, and not on reform programmes like in the case of the agreement with the IMF, maintains Sebastian Vladescu, former finance minister, quoted by Ziarul Financiar.”If nothing dramatic happens in the euro zone, Romania can easily borrow from the market, it no longer needs money from the IMF. Major adjustments have been done, now we should start building, and opening a relationship with China at a governmental level could be of great help to us.” He added that, regardig the relationship with the IMF, Romania should fight for a flexible line of credit.

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