BUSINESS

Voinea, Budget minister: Current agreement with IMF, EC definitely the last

Romania’s current agreement with the International Monetary Fund and the European Commission is definitely the last, the Minister Delegate for Budget Liviu Voinea said in an interview to the public broadcaster Radio Romania Actualitati recently. The ongoing agreement ends in mid-2015. ‘There will be no further agreement after 2015. This is definitely the last agreement with the IMF and the European Commission. There was a 20-billion agreement [signed] in 2009. The money has been drawn, too. Another agreement in 2011 amounted to five billions; no money was taken, it was preventive. Yet another five-billion agreement in 2013 – with the IMF and the European Commission – money not drawn, either, but it is a preventive agreement for stability; it provides an anchor,’ Voinea pointed out.

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