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IMF approved the release of the sixth installment to Romania 

de A.C.     HotNews.ro
Vineri, 24 septembrie 2010, 18:55 English | Top News

The IMF board approved on Friday the fifth evaluation of the agreement with Romania which means it will release the sixth installment of over 900 million euro which will be released on Monday to Romania's National Central Bank, Romanian news agency Mediafax reads. 

Romania's IMF representative Mihai Tanasescu declared that the IMF considered that the law on pensions was adopted, which was the main priority for this period. Tanasescu declared that if the law on pensions will be declared unconstitutional and wil not be adopted, the Fund will start talks to Romania. 

Even if the law on pensions is unpopular, it is necessary. The law sets the grounds for the next five -six years when the pensions fund will not register a deficit, Tanasescu explained. 
























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