IMF
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Analysts' verdict after Q1: Economy will grow by less than 1% in 2010
The IMF, rating agencies and bank analysts are all revising estimates about this year’s economic growth to less than 1%, after a weak first quarter, whose figures suggest Romania is still...
IMF lets Government decide if it hikes taxes or cuts spending
The IMF is not imposing one specific means of cutting the budget deficit, with the Government having a choice between cutting public spending and hiking taxes, said Jeffrey Franks, head of t...
IMF no longer believes Romania will achieve 1.3% growth
The IMF is preparing a downward revision of the economic growth forecast for Romania this year, from 1.3% to 0.8-1% of GDP, given that the weak performance of the industry in February and th...
IMF chief expected in Bucharest on March 30
International Monetary Fund managing director Dominique Strauss-Kahn is expected on a short visit to Bucharest on March 30; this is the second visit to Romania by a head of the international...
Government optimism again contradicted by reality
Romania is going through the economic year 2010 with the same optimistic tone of the authorities as one year ago when the crisis was denied and the record 20 billion-euro loan from the IMF a...
IMF money drives NBR reserves to a new all-time peak of 30bn euros
NBR's foreign currency reserves in February climbed by 1.7bn euros from the previous month, to a new all-time high of 29.74bn euros, after the IMF released the third and fourth tranches of t...
What does IMF think needs to be done on banking, insurance and capital markets?
Improvement of the people's access to financial services, increasing banks' capital and changes in the insurance and capital market legislation are the main steps the regulatory authorities...
IMF believes Romania will offset decline by 2012
Romania’s economic growth over the next few years will bring the GDP back to the 2008 level after the 7.2% drop in 2009. It will not happen any sooner than 2012, though.
IMF money wasted on wages and interests
The government managed to keep the budget deficit within the bounds agreed with the IMF, at 7.2% of the Gross Domestic Product, but that was only because of temporary cost-cutting measures t...