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Official IMF, World Bank and European Commission delegations start a second evaluation of the agreement with Romania

de A.C.
Miercuri, 28 octombrie 2009, 10:30 English | Top News

Starting Wednesday, October 28 to November 9th, official IMF, World Bank and European Commission delegations arrive in Bucharest to discuss the second evaluation with Romania officials, according to the stand-by agreement.

Representatives of the three institutions are due to arrive in Bucharest at the request of President Basescu but a new delegation might be needed to meet the new government. Among conditions imposed will be to maintain the budgetary deficit at 5.9%.

Romania has a stand by agreement with the IMF for two years for 12.95 billion euro and the total aid, from the IMF, World Bank and the European Commission, EBRD will amount to 19.95 billion euro. Our country already received two installments while the third one is scheduled for December.

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