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IMF will release the seventh installment of about 900 million euro 

de A.C.
Vineri, 7 ianuarie 2011, 23:13 English | Top News

IMF board approved on Friday the sixth evaluation of the agreement with Romania and its supplementary letter so that the institution will release the seventh installment worth about 900 million euro that will be delivered most probably on Monday in the account of the Romanian National Bank, Romanian news agency Mediafax reads.  

The information was confirmed by Romania’s representative to the IMF, Mihai Tanasescu. A common IMF/EC mission was in October in Bucharest to revise the agreement with Romania and evaluate whether all criteria were fulfilled for the end of September.  

A new IMF mission is expected in Bucharest on January 25 to evaluate whether objectives set for the last trimester of the year were fulfilled and have talks for a new precautionary agreement.

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