Tanasescu: We'll make IMF board meeting on 28th of June if measures come into effect

Romania must be able to report it effectively started to put
into practice the austerity measure package so that the additional
letter of intent should come to be discussed during IMF board’s
28th of June session, states Mihai Tanasescu, Romania’s
representative with the IMF. He says that at this moment the 28th
of June date for the IMF board’s discussion on the situation of the
agreement with Romania is “tentative”. “Let us see what happens
during the following months. Yet, once Government’s responsibility
assuming in Parliament has been scheduled for 7 June, I am
confident we’ll be included in the board’s discussions on the 28th,
and the next tranche of the loan will be disbursed and reach NBR’s
foreign currency reserve”. Tanasescu specifies that if the
austerity measure package is challenged in the Constitutional
Court, the IMF will wait for a legality notice from the part of
lawyers. The official also says the Fund is already concerned that
euro zone jitters should not spread to other European
countries.