IMF pushes for reform and privatisation

More thorough structural reforms, accelerated privatisation and prudent salary policy – this is the prescription of the International Monetary Fund experts.
The IMF Managing Board, which analysed Romania’s economic situation, is concerned about the Romanian authorities’ will to maintain a restrictive salary policy for the public sector and for the state-run companies, although this is necessary in order to have the fourth tranche of the stand-by loan released. A Fund delegation is to arrive in Romania in February to assess the stand-by agreement in view of releasing the new instalment. The IMF also supports a gradual rate cut, which would boost the inflation curbing efforts. ZF