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IMF delegation chief: the interest rate for the loan will be about 3.5%

de A.C.
Miercuri, 25 martie 2009, 17:46 English | Business

IMF delegation chief Jeffrey Franks declared for that the interest rate of the 12,95 billion euro loan will be about 3.5%. In the same time, Romania's representative to the IMF Mihai Tanasescu declared that the interest rate requested by the European Commission for the first installment will be about 2, 2.5%.

The financial pack for Romania will need to be returned in a period of 3 to 5 years starting 24 months after it is received. Franks declared that the IMF practices an interest rate based on all other global interest rates plus a certain margin, depending on the amount of the loan. For Romania, the interest rate will be about 3.5% which is a modest one.

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