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September 29, 2020
ECONOMY FINANCE&BANKING

PM Sorin Grindeanu meets IMF’s Anthony De Lannoy , highlights the Romanian economy’s evolution

Prime Minister Sorin Grindeanu had a meeting with Anthony De Lannoy, a member of the IMF Board, in which the head of the Executive highlighted the evolution of Romania’s economy, informs the Government in a press release.

According to the quoted source, the evolution of the Romanian economy is confirmed by the data of the National Institute of Statistics, according to which the gross domestic product in the first quarter of 2017 was, in real terms, by 5.7 pct higher as compared to the same period last year, above the analysts’ forecasts.

“Prime Minister Sorin Grindeanu also referred to the budget surplus of over 1.64 billion lei, respectively 0.2 pct of the GDP, registered in the first three months of this year,” reads the press release.

According to the Executive, Anthony De Lannoy welcomed the economic developments mentioned by Sorin Grindeanu and assured him of the International Monetary Fund’ s support in order to strengthen this trend and maintain the established goals.

“These figures really place Romania in a good position, and they will be taken into account for the next IMF report assessing the stability of the financial sector,” the IMF’s official said, according to the press release.

At the same time, Grindeanu provided assurances that the measures the Government is considering for the upcoming period will not change this trend and that he analyses weekly, with the representatives of the Ministry of Public Finance and the National Tax Administration Agency (ANAF) Romania’s maintenance within the 3 pct budget deficit target. In this context, the head of the Executive mentioned the uniform pay draft law in Parliament, “which intends to place the salaries in the public sector at a level as accurate and realistic as possible, taking into account both the level of professional training as well as the experience and the results,” further shows the press release.

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