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Romania’s Economic Recovery Expected to Strengthen.

Politics ♦ Published: August 1, 2013; 09:01 ♦ (Vindobona)

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Staff teams from the International Monetary Fund (IMF), the European Commission (EC), and the World Bank visited Bucharest Romania during July 17–31.

Romania’s Economic Recovery Expected to Strengthen. / Picture: © Vindobona.org

The mission has reached a staff-level agreement with the authorities on an economic program that could be supported by a 24-months Stand-By Arrangement (SBA) with the IMF, subject to approval by IMF Management and the Executive Board, and Balance of Payments (BoP) assistance from the European Union, subject to approval by the EU Economic and Financial Committee. Proposed access would…