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June 26, 2022

IMF comes to Bucharest on Jan. 27 for 3rd review of deal with Romania

An International Monetary Fund (IMF) mission headed by Andrea Schaechter will visit Romania over Jan. 27 – Feb. 10 for the third review of the precautionary agreement currently under way, the IMF resident representative for Romania and Bulgaria Guillermo Tolosa announced in a release.

There will be consultations as part of Article IV and the third review of the precautionary stand-by agreement closed with Romania that was approved on Sept. 27, 2013. The members of the mission will discuss the recent developments in the Romanian economy and the priorities of the economic reform with the Romanian authorities, Tolosa explained.

According to the release, the talks on the deal will be conducted together with teams from the European Commission and the World Bank.

The mission members will also have meetings with representatives of the private sector, the political parties, the professional associations and the nongovernmental organisations. There will be a news conference at the end of the mission, in which the conclusions will be presented, the IMF official said.


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