Joaquin Almunia: EU - IMF agreement with Romania will be announced later this week

Luni, 23 martie 2009, 13:53 English | Top News

The EU - IMF agreement with Romania will be announced later this week, European Commissioner on Economic and Monetary Affairs, Joaquin Almunia declared, quoted by NewsIn. He declared that negotiations will most probably end this week, in a conference on trans-Atlantic themes organized by the US German Marshall Fund.

IMF representatives are scheduled to meet on Monday with Romania's PM Emil Boc, representatives of all parliamentary political parties and union representatives. Government representatives declared that negotiations will end in about two weeks when the IMF will send a stand-by agreement for a period of two years.

PM Boc announced that the international loan has a preemptive character and will be used to consolidate the central bank reserves and thus maintain the exchange rate at an acceptable level. Almunia declared that other EU member states, non euro zone members could take up a similar loan.