The USD 2.25 bln that Romania borrowed from the US in the first two months of the year has consolidated the state treasury’s liquidity reserve that has reached a level higher than expected and that gives Romania a comfortable position, Finance Minister Bogdan Dragoi stated for ‘Ziarul Financiar.’ He admits that such a consistent liquidity reserve entails costs too, however says that they are worth paying because the buffer will protect Romania. The IMF has asked for a liquidity reserve that would allow the Finance Ministry to cover all current payments for four months without accessing the market.
