Ex-Finance minister Mihai Tanasescu, who served in the Social Democratic (PSD) government led by Adrian Nastase between 2000-2004, will become a senior advisor of the International Monetary Fund board at the proposal of the Romanian National Bank (BNR), Romanian news agency NewsIn informs. Tanasescu said he would serve as a representative of Romania for a two-year term.

He said his proposal was submitted by BNR governor Mugur Isarescu “some time ago” and was now accepted by the IMF council. He said he would leave for the new job as soon as all formalities are over.

Tanasescu had served as deputy executive director with the World Bank in 1997-2000.