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Romania Initiates Structural Reforms

Published: August 3, 2013; 14:26 · (Vindobona)

In order to receive a precautionary loan from the IMF, Romania´s government will implement a series of reform steps. Above all, Romania starts privatizations again. Romania´s economic outlook continues to brighten.

Romania Initiates Structural Reforms / Picture: © Flickr / Dan Nevill (CC BY-ND 2.0)

This week, Romania´s government has concluded an agreement with the IMF and the EU Economic and Financial Committee, Prime Minister Ponta said. In total, Romania receives a loan of € 4.0bn equally split between the IMF and the EU. The authorities intend to treat the arrangements as precautionary.

This year, Romania’s economic recovery is expected to strengthen. After strong…

This article includes a total of 418 words.

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