The Romanian's loan agreement with IMF and EC

Ilie Mihai ()
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Ilie Mihai: Universitatea Spiru Haret, Facultatea de Finante si Banci

No 2009/1, Papers from Osterreichish-Rumanischer Akademischer Verein

Abstract: As it is very known, in the 2009 spring, Romania took the decision to take a loan, an important amount, from the international financial bodies, in order to support the currency and the local economy, overall. Further negotiations, which began unwieldy, rising controversies even between political parties which constitute the governance coalition (PDL and PSD), Romania is almost ready to sign the loan agreement, at the end of May current year, waiting that the first trenches to be available for being drawn.

Keywords: loan agreement; IMF / International Monetary Fund; Romanian external debt; Exchange rate; Wages; Loans in foreign currency. (search for similar items in EconPapers)
JEL-codes: E52 G28 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2009-05-28
New Economics Papers: this item is included in nep-mac, nep-mon and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:ris:sphedp:2009_001

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