Article Tools

Romania Hopes for New IMF Loan

Published: November 13, 2012; 20:04 · (Vindobona)

The economic situation remains gloomy. Foreign direct investments are weakening. The economic outlook is rather decent.

Romania Hopes for New IMF Loan / Picture: © IMF

According to Romania´s Minister of Finance Florin Georgescu, the country will conclude a new arrangement with IMF in February 2013. Georgescu underlines that the loan will guarantee more stability for Romania.

In March 2011, the Romanian government, IMF, the World Bank and the Commission agreed on a two-year preventive loan. This loan agreement expires in a few…

This article includes a total of 219 words.

or Log In