Romania: Staff Report for Article IV Consultation

International Monetary Fund

No 2000/159, IMF Staff Country Reports from International Monetary Fund

Abstract: Romania has made significant progress in stabilization and reform. Executive Directors welcomed this development, and stressed the need to maintain monetary and fiscal policies, and accelerate structural reforms. They welcomed the fiscal strengthening and progress in bank restructuring and privatization. Nevertheless, they called for strict adherence to the macroeconomic policy targets and intensified efforts in the areas of bank reform and enterprise privatization, and considered that greater clarity in the framework and objectives of monetary policy would be helpful.

Keywords: ISCR; CR; end-December staff projection; September; authority; end-December performance criterion; left wing PDSR party to power; privatization effort; arrears reduction; Privatization; Inflation; Monetary base; Commercial banks; Central and Eastern Europe (search for similar items in EconPapers)
Pages: 76
Date: 2000-12-12
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