A delegation of the International Monetary Fund (IMF) arrived in Bucharest on Wednesday, in order to hold the annual meeting with the Romanian authorities, an IMF release informs. The discussions are to be held mainly around the general macro-economy status.
The IMF team arrives only days after the Central Bank governor, Mugur Isarescu, warned on the possible problems that wages' growth and current account deficit may rise.
Romania's relationship with the IMF may continue after the stand-by agreement in 2004 formally ended in July 2006 and Romanian authorities rejected the IMF demands for continuing the agreement.
