Ponta says backlogs in IMF deal removed
Backlogs in Romania's negotiations with the International Monetary Fund (IMF) related to public debtshave been removed July 2013 - From the Print Edition
Backlogs in Romania′s negotiations with the International Monetary Fund (IMF) related to public debts, the privatization of the state freight operator (CFR Marfa) and the listing of the state gas transport company (Transgaz) have been removed so the authorities now fulfill all the conditions for sealing the deal with the IMF, said Prime Minister Victor Ponta, according to Mediafax.
"We have successfully closed the deal with the IMF. Discussion with the European Commission started in 2009 and we also unfroze the Structural and Cohesion Funds," said Ponta. "Now we must begin capitalizing on these opportunities."
Romania has an ongoing stand-by arrangement with the IMF and the EU for EUR 5 billion. In January, a joint mission of international experts negotiated several structural reforms and privatization measures with the Government which had to be implemented for the arrangement to be concluded.
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