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Romania confirms talks with IMF and EC for a possible loan

de A.C.     HotNews.ro
Miercuri, 4 martie 2009, 14:10 English | Business

Romania is holding talks with the European Commission and the International Monetary Fund to evaluate a possible loan, Romania's Finance minister Gheorghe Pogea declared on Wednesday, quoted by Romanian news agency Mediafax. He added that experts were verifying the structure, volume and conditionality of a possible loan.

Pogea declared that the sum would be settled after all conditions were analyzed, adding that Romania would not take up a loan in unfavorable conditions. Authorities in Bucharest officially announced on Wednesday their move to open talks with the IMF even though sources confirmed on Monday that a Romanian delegation flew to Washington for talks.

IMF spokesperson for Europe Angela Gaviria previously declared that a Romanian delegation was present at Washington to talk about the economic evolution considering the current economic environment. Romania opened talks with IMF for possible additional loans, German Foreign Affairs minister Frank Walter Steinmeier declared earlier this week after a meeting with his Romanian counterpart, Cristian Diaconescu.


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