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September 26, 2021

PM Ponta: Romania doesn’t need a single EUR or USD from IMF, but an agreement is good

Premier Victor Ponta stated on Wednesday that Romania does not need to borrow money from the IMF or the European Commission, however he pointed out that the agreements with international financial institutions are a good thing.
“This year we finish and we owe absolutely no Dollar to the IMF. We have paid with difficulty what was borrowed and spent – well or poorly spent, rather poorly – in 2010 and 2011 and the Government along with the political leaders will discuss the timeliness and terms of a new agreement with international financial institutions. Romania does not need to borrow a single Dollar or Euro from the International Monetary Fund and the European Commission, but I personally believe that agreements with international institutions, during a period of turmoil for the region and for Europe, are a good thing; however the decision will be taken at political level,” Ponta said at the start of the Government meeting.
Romania’s agreement with the IMF, EC and WB expires at the end of this month.

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