Finance Minister: Romania will ask the IMF about a new loan agreement this year
2015-10-18 18:45:35 - From the Print Edition
Romania will formally ask the International Monetary Fund (IMF) for a new aid deal this year, and the focus of the negotiations would be on implementing structural reforms as opposed to the country′s budget deficit, Finance Minister Eugen Teodorovici told Reuters in late September. "Certainly we will officially ask the IMF this year to start negotiations on a new deal," said Teodorovici, quoted by the newswire. "An IMF deal can exist without participation from the European Commission; they are different deals," he added. Romania′s latest agreement with IMF expired in late September, given that its assessment was not carried out successfully since March 2014 due to disagreements between the Romanian authorities and institution officials regarding taxation.
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