POLITICS

IMF delegation, today in Bucharest on evaluating mission

A joint mission of the International Monetary Fund (IMF), the European Commission and the World Bank will be in Bucharest, between April 27 and May 9, for a first evaluation of the new agreement, a release by the institution informs. The new preventive agreement, signed on two years, at the end of March, amounts to DST 3.09 bln (approx. EUR 3.5 bln), that is, 300 pc of Romania’s rating at IMF.

The agreement will be accompanied by a preventive aid of EUR 1.4 bln from the European Union and a EUR 400 M-loan from the World Bank. The mission will meet the Romanian authorities, as well as representatives of the political parties, trade unions, employers, banks and the civil society, and the conclusions will be presented at the end of the mission. Romania signed, in the spring of 2009, a stand-by agreement with the IMF, which was part of a financial assistance-package of approximately EUR 20 M from the Fund, the EU, the World Bank and other international financial institutions.

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