IMF
181 articole · RSS
IMF: Third tranche depends on budget adoption only
The head of the International Monetary Fund (IMF) for Europe, Marek Belka, said he saw “good prospects” for Romania in the coming quarters and that the approval of the third tranche of the a...
What will Romania do if funds from IMF and EU are delayed until next year?
The state needs at least 3.5 billion euros to cover the budget deficit from foreign funding in the last three months of the year, but because of the political crisis it might be forced to fi...
IMF expects 0.5-1% growth for Romania in 2010
The International Monetary Fund (IMF) anticipates slight economic growth (0.5%-1%) for Romania in 2010, a gradual recovery that will occur after the next three quarters, which will see the G...
The IMF asks for 2bn-euro savings
The first talks with the IMF brought tension in the government: the Fund is requesting expense cuts worth around 2bn euros (1.7% of GDP), namely the exact savings that would be generated if...
Emergency solution: Use of IMF money to finance deficit not just NBR’s reserve
The economy is not showing any signs of life, and there are no governmental relaunch steps to make a visible impact, so that the Finance Ministry is negotiating with the IMF "an emergency so...
IMF to revise forecast on Romanian economy's decline from 4.1% to 7-8%
The IMF is working on a new macroeconomic framework for Romania, in the context of the first assessment of the stand-by agreement in early August, which anticipates, among other things, a de...
Bank Deposits Guarantee Fund has too little money in its account
The Bank Deposits Guarantee Fund will have to have access to revenues collected from privatisation, worth 11.6 billion RON (equivalent to 2.8 billion euros), which are left in the state Trea...
NBR takes 5bn euros from IMF, but reserve is up just 2bn euros
The foreign exchange reserve of the Romanian National Bank went up by just 2 billion euros in May because, although 5 billion euros went in from the IMF, outflows from the reserve amounted t...
Brussels and IMF request foreign banks new promises to finance economy
On Tuesday in Brussels, the European Commission and the IMF will discuss with the main foreign banks in Romania again to request them to keep and even strengthen their commitment to maintain...