BUSINESS

IMF: Franks and Szekely to meet the new Cabinet this week

The head of the IMF mission in Romania, Jeffrey Franks, and the Country Director of the European Commission, Istvan Szekely will be Tuesday and Wednesday in Bucharest, in order to meet the new Cabinet – a regular practice when a country that has an ongoing accord appoints a new Executive, the IMF announced Friday. “Jeffrey Franks and Istvan Szekely will pay a visit to Bucharest, at the request of the new prime-minister of Romania, Mihai Razvan Ungureanu. This is a regular practice when a country that has an ongoing accord with the IMF and the EU changes its government. Modifying the letter of intent agreed at the beginning of February is not on the agenda,” Tonny Lybek, the IMF Resident Representative in Romania announced Friday in a press release.PM Ungureanu on Thursday invited Jeffrey Franks and Istvan Szekely to come to Bucharest for a “working meeting” on economic topics of actuality, which will not include the letter of intent.The letter of intent was agreed by the IMF and EC with former PM Emil Boc, the day before he submitted his resignation and was replaced by Ungureanu.

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