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Romania Needs More Time for IMF-Requirements

Published: January 23, 2013; 22:56 · (Vindobona)

The financially stricken country did not implement the planned privatizations. EBRD criticized Romania´s slow progress.

Romania Needs More Time for IMF-Requirements / Picture: © IMF

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 March 2013.

However, Romania did not privatize as much as it was required by the IMF, the World Bank and the EU Commission. As a result, Romania´s government suggested postponing the deadline for the privatizations.

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