IMF
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Future 3.6bn-euro arrangement with IMF discussed by Băsescu and Isărescu
The IMF will make around 3.6 billion euros available to Romania as part of the new precautionary arrangement, which will most likely be a one-year arrangement sealed after the completion of...
Franks: A new agreement with the IMF will include new reform conditions
A new accord with the International Monetary Fund (IMF) is set to include conditions for new structural reforms related to workforce, infrastructure and investment, stated the IMF's mission...
Failure to enact laws as agreed with IMF leads to higher sovereign risk and interests
President Traian Băsescu's call for a moratorium of the parliamentary parties for 30 to 45 days so that the laws agreed with the International Monetary Fund (2011 budget law, uniform salary...
Threat of a third year of recession looms, IMF calculations suggest
The IMF is considering the risk that 2011 could be the third consecutive year of recession for the Romanian economy, recognising for the first time in its calculations the possibility of a 1...
IMF agrees to increase in minimum wage. Will it also agree to a higher budget deficit in 2011?
The head of the IMF mission to Romania, Jeffrey Franks, believes "there could be room" for an increase of the minimum wage, but says the decision needs to be carefully analysed because an un...
Fate of economy in 2011 depends on talks with IMF
Yesterday saw the start of two weeks of negotiations with the Fund, which are set to provide some answers to essential questions as far as next year is concerned.
IMF believes a possible minimum wage increase would have negative effects
IMF representatives on Wednesday morning talked with Labour Ministry officials, with the head of the IMF mission to Romania, Jeffrey Franks, stating a possible minimum wage hike needs to be...
Budget is ready for approval. IMF arrives in Bucharest on Wednesday
The draft budget for next year has been finalised by the Finance Ministry, but it will only be approved by the Government after analysis by IMF experts, who will be in Bucharest for a new re...
IMF lends another 900m euros to Romania
Another 884 million euros are going into the foreign currency reserve managed by the NBR (National Bank of Romania) after the IMF board approved on Friday the release of the sixth instalment...