Romania Reaches Agreement With IMF

Politics ♦ Published: February 5, 2014; 19:49 ♦ (Vindobona)

Romania has met the criteria to receive a stand-by agreement by the International Monetary Fund.

Romania Reaches Agreement With IMF / Picture: © IMF

On January 21, teams from the IMF and the European Commission have come to Bucharest. After two weeks of reviews and negotiations, Romania, the European Commission and the IMF could reach a staff-level agreement. Already at the end of December, the Romanian government could fulfill the performance criteria. Also the structural benchmarks are already met or close to…