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Romania´s President Opposes the IMF

Published: January 24, 2014; 21:24 · (Vindobona)

Traian Basescu is strictly against imposing an additional tax on fuel. Whether Romania will achieve the budget target is highly uncertain.

Romania´s President Opposes the IMF / Picture: © presidency.ro

In July 2013, Romania´s government has secured a preemptive loan in the amount of € 4.0bn. The loan will be only drawn in case of need. According to the agreement, Romania is obliged to achieve a budget deficit of 2.2% of the GDP.

Now, Romania´s negotiations with the IMF are proving difficult. After a meeting with representatives from the IMF in Romania´s capital Bucharest,…

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Romania´s President Opposes the IMF

Traian Basescu is strictly against imposing an additional tax on fuel. Whether Romania will achieve the budget target is highly uncertain.

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.