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February 3, 2023

FinMin says a new agreement with IMF is not a priority: Romania is stable enough to make it without guidance

Minister of Public Finances, Darius Valcov, believes that a new agreement with the International Monetary Fund (IMF) is not a priority and Romania is stable enough to make it even without guidance, reports Agerpres.

‘The current agreement expires in September. From what I understand Mr Prime Minister would like to conclude a different type of agreement this time. We will have to discuss over this matter. However, I have already stated my opinion several times. I believe that Romania is stable enough and has enough specialists to be able to manage by itself and without guidance, since not always the guidance that is good for one country is also good for Romania. I would be very glad to see Romania starting to live its own dream instead of just trying to live the dreams of others,” the Minister of Finance on Monday evening told Romania TV private television broadcaster.

He also mentioned that, in his opinion, the agreement with the IMF is not a priority.

‘This agreement with the IMF, there is no way we can consider it a priority. When I was sworn-in as a minister of budget and then as the minister of public finances, I swore to do my best for the spiritual and material welfare of the Romanian people, I didn’t swear that I will sign for an agreement with the IMF or on the euro in 2019. Of course, these could be among the consequences of my activity, but I believe that we should think more and focus more on what we had in mind and on what we swore to do and took responsibility for. If this is what we took responsibility for, then let’s see which is the right path for it. And if this will bring us to a new treaty, with all the conditionalities involved, then I agree, but let’s see all the options in front of us first, which we can use in order to become a more developed country,’ Darius Valcov underscored.

Prime Minister Victor Ponta last week specified that Romania could obtain next year from the International Monetary Fund a Flexible Credit Line, as the one in Poland, for instance, on condition that the Government is able to negotiate well with the representatives of the Fund.


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