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March 27, 2023

Romania should have precautionary agreement with IMF next year too

Romania should continue its collaboration with the International Monetary Fund (IMF) and should have a precautionary agreement with this financial institution next year too, Premier Victor Ponta stated yesterday, Mediafax informs. Romania currently has a EUR 3.6 bln precautionary agreement with the IMF, a EUR 1.4 bln precautionary agreement with the European Commission and a credit line of EUR 400 M from the World Bank. The agreement with the international financial institutions was signed in March 2011, being the extension of the EUR 20 bln programme that took place in 2009-2011. Premier Victor Ponta also told business sector representatives that he wants to see the political crisis over on Sunday through the referendum, economic and financial issues becoming once again the government’s top priority starting on Monday and investors benefiting from stability and predictability. He claimed that the government is on schedule with the commitments taken in the agreement with the IMF, including in what concerns the deficit limit, and there are positive signs that the economic measures that will be discussed with the international financial bodies will be adopted.

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