The History of Romania’s Relations with the International Monetary Fund

Stefan Gheorghe ()
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Stefan Gheorghe: DanubiusUniversity of Galati, Romania

Acta Universitatis Danubius. OEconomica, 2011, issue 1(1), 173-178

Abstract: The International Monetary Fund aims primarily at ensuring the stability of the international monetary system more specifically the international payment system which allows countries and their citizens to buy, sell goods and services between them. This is essential for sustainable economic growth, improvement of life standards and reducing poverty all around the world. The goals of Romania’s agreements with IMF subscribe these parameters, mostly the current one, this being emphasized by the economic recession and the necessity of reducing fiscal imbalance in order to attain a deficit with normal values acceptable in the EU. These include: maintaining the inflation at the range aimed by RNB, ensuring a sufficient external financing and improving credibility, the attempt to amortize the effects of severe capital absorption and resolution for Romania’s external and fiscal imbalances and consolidation of the financial area.

Keywords: economic agreement; external financing; economic reforms; stand-by arrangements; special drawing rights (search for similar items in EconPapers)
Date: 2011
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