Romania: Second Review under the Stand-By Arrangement and Request for Modification of Performance Criteria-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Romania

International Monetary Fund

No 2011/297, IMF Staff Country Reports from International Monetary Fund

Abstract: Although the economic growth of Romania has resumed, it has boosted downside risks. However, the country has continued its strong performance under the new program in strengthening macroeconomic policies, accelerating structural reforms, and consolidating economic development. In conclusion, the authorities concur that the current precautionary Stand-By Arrangement (SBA) will provide additional security against unforeseen shocks, thereby setting the stage for strong and sustainable economic development while maintaining external and internal stability and thereby achieving the fiscal goals for 2012.

Keywords: ISCR; CR; EU funds; authority; government; Romania's capacity; securitizing SOE arrears; government ordinance; government lending; executive board's discussion; Arrears; Inflation; Public enterprises; Europe; Global; Western Europe (search for similar items in EconPapers)
Pages: 84
Date: 2011-10-05
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