8.9 C
Bucharest
December 5, 2020
ECONOMY FINANCE&BANKING

FinMin Citu: I am ruling out the option of an agreement with the International Monetary Fund

Finance Minister Florin Citu said on Monday that he rules out an agreement with the International Monetary Fund (IMF), given that Romania has won the trust of the market and investors, and its demand for funds this year is almost 97% covered.

“I am ruling out the option of an agreement with the International Monetary Fund. I have shown this year that if you have won the trust of the market and investors, you can finance a large deficit without the need for international financial institutions. We have financed the deficit to pay for health, for these state-aid schemes. We have had record investments, so there is no need for an agreement with the IMF. From my point of view, there are no such discussions,” Citu told a press conference.

According to him, Romania’s demand for funds is covered almost 97% for this year.

“I have found those documents at the ministry when last September there were talks going on with the Monetary Fund, when, after discussions with the Monetary Fund, a document was drafted by the government that stated very clearly that pensions will not increase by 40%. We do not plan on asking for a loan from the IMF. The demand for funds is covered almost 97% for this year. So, we do not have any funding problems,” added Citu, according to Agerpres.

Related posts

Convention of the General Assembly of the Association of Romania’s Towns and Cities. PM Grindeanu: We should let politics aside for three years and take care of administration instead

Nine O' Clock

2017 statistics: 281,000 inactive work-willing people, but not seeking or not available to start work

Nine O' Clock

Ludwik Sobolewski resigns from Bucharest Stock Exchange top position

Nine O' Clock