The Executive Board of the International Monetary Fund will discuss on March 25 the final review of the EUR13 billion stand-by loan for Romania and the terms of a new agreement with the Eastern European country. Romania decided to sign a follow-up agreement, worth EUR5 billion, with the IMF and the European Union to be enforced after a two-year EUR20 billion financial support plan ends in May. The new agreement will be signed for two years and will be a precautionary deal. Joint teams from the IMF and the EU visited Romania between January 25 and February 8 to review the country's progress under the standby agreement and discuss the terms of a follow-up deal.
Access Investments-Building Awareness - European Union-ROMANIA
Friday, March 18, 2011
The Executive Board of the International Monetary Fund will discuss on March 25 the final review of the EUR13 billion stand-by loan for Romania and the terms of a new agreement with the Eastern European country. Romania decided to sign a follow-up agreement, worth EUR5 billion, with the IMF and the European Union to be enforced after a two-year EUR20 billion financial support plan ends in May. The new agreement will be signed for two years and will be a precautionary deal. Joint teams from the IMF and the EU visited Romania between January 25 and February 8 to review the country's progress under the standby agreement and discuss the terms of a follow-up deal.
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