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Tonny Lybek: the third and fourth installment from the IMF might arrive in the same time

de A.C.
Joi, 19 noiembrie 2009, 17:01 English | Business

The next IMF installment might arrive in the same time with the fourth one, if the adoption of a credible budget for 2010 will be delayed, IMF Romania representative Tonny Lybek declared on Thursday.

He added that the delay of the third installment will generate supplementary costs for the government because it needs to finance itself from the internal market at high costs. If the political crisis will not end and the second IMF evaluation will be postponed for January, then the third and fourth installments will be delivered together, Lybek said.

He added that a new IMF delegation is due to arrive in Romania in the end of January or beginning of February. For the IMF money, the interest is about 3.5% while from the internal market the government pays 5.25%.

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