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October 21, 2021
BUSINESS

Romania must pay EUR 164.4 M to IMF on Friday

Tomorrow, Romania must pay the International Monetary Fund (IMF) the sum of EUR 164.4 M, which consists of reimbursements of capital installments and payments of interests and commissions for the stand-by loan made in 2009, according to the data supplied by Romania’s Government, Agerpres reports. Of the EUR 164.4 M, EUR 154.6 M is reimbursement of capital installments and EUR 9.8 M payments of interests and commissions.

Romania must this year pay over EUR 1.164 bln to the IMF, the European Union (EU) and the International Bank for Reconstruction and Development. In the first seven months 2013 they paid EUR 550.6 M of the total sum they owe. The reimbursements are effected from the financial package given to Romania by the international creditors in 2009, which has a total value of EUR 19.95 bln. The peak payment of this package is to be effected in the year 2015, when the authorities must pay back EUR 1.826 bln.

In 2009, Romania initialed a stand-by loan covering 24 months, worth EUR 12.95 bln, from the IMF, which is part of a EUR 19.95 bln support package given by the IMF, the EU and the World Bank.

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