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June 26, 2022

PM Ponta to meet IMF Managing Director

Andrea Schaechter, new head of International Monetary Fund mission for Romania.

Premier Victor Ponta will meet today, at 5 pm, local time, at the Victoria Palace, the Managing Director of the International Monetary Fund (IMF) Christine Lagarde, according to an announcement posted on the site of the Government. The Managing Director of the International Monetary Fund will be in Romania on Monday and Tuesday. This will be her first visit to Bucharest after being appointed to this position in July 2011. After Romania, Christine Lagarde will also visit Lithuania over July 17-18.
During her visits Christine Lagarde will meet officials and decision makers as well as representatives of the private sector, of the civil society and the academic environment in order to discuss the current economic prospects and the challenges that either of the two countries will have to face, says the IMF.
The financial institution mentioned above makes it clear that, during her visit to Bucharest, Lagarde will deliver a speech on identifying a new paradigm of economic growth in the region.
On the other hand, Andrea Schaechter will be the new head of the mission of the International Monetary Fund for Romania. Previously, Schaechter worked with the European Fiscal Affairs Department during 2007-2009, where she was in charge of the Fiscal Policy and Surveillance Division and played a key part in making one of the most important publications of the IMF, Fiscal Monitor, informs the IMF representative office in Bucharest in a press release, Agerpres reports.
Also, Andrea Schaechter will head the IMF delegation, which will carry out a new mission in Romania over July 17-31 after Romania successfully concluded the second stand-by agreement with the Fund. Schaechter replaced Erik de Vrijer, who fulfilled a one-year mission in Romania. The German born new head of the mission of the International Monetary Fund for Romania also participated in a number of projects on fiscal regulations, technical assistance activities. From 2004 till 2007 she had been an economist with the IMF European Department for Ukraine. Previously she gave counseling on monetary questions and exchange rates in the monetary department and the capital market. Andrea Schaechter started her career with the IMF in 1998 as chief economist with the African Department in Benin. She is a graduate of the University of Wurzburg, Germany.
The IMF officials will discuss the recent economic developments and the priorities of the economic reforms with the Romanian authorities. It will be a joint mission of the representatives of the International Monetary Fund, the European Commission and the World Bank, who, besides meeting the authorities, will also discuss with representatives of the political parties, the trade unions, the businessmen’s associations, the banks and the organizations of the civil society, said new resident representative of the International Monetary Fund for Romania and Bulgaria Guillermo Tolosa in an IMF release

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