IMF mission in Bucharest starting July 31

A mission from the International Monetary Fund (IMF), headed by Erik de Vrijer, will visit Bucharest from July 31 to August 13, 2012, to conduct the regular 2012 Article IV consultation and the sixth review of Romania’s Stand-By Arrangement, the Resident Representative of the in Romania and Bulgaria, Tonny Lybek stated in a press release. Mr. de Vrijer, IMF Mission Chief for Romania, will arrive on August 1 and will stay one day after the mission to engage with the press. The visit will take place jointly with teams from the European Com-mission (EC) and the World Bank (WB). During the visit, the mission teams will meet with the country’s authorities, as well as with representatives from unions, business associations, banks, civil society organizations, and political parties. The IMF mission chief will communicate the conclusions at the end of the visit. The Romanian authorities treat the Stand-By Arrangement with the IMF as precautionary, meaning that they do not intend to draw on the available resources.

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