The Libyan conflict and the disaster in Japan did not modify consistently the new agreement Romania will sign with the IMF, Romanian representative to the IMF Mihai Tanasescu declared for The effects of these events will be marginal to the Romanian economy, he said. Former Finance minister, Tanasescu said that the Executive will present to the IMF their plans to decrease state’s debts to the private sector in a complex scenario that needs to be discussed in detail.

The increase of fuel price has an emotional rather than rational component, Tanasescu said. Romania will loan about 3.5 billion euro from the IMF in a precautionary agreement. Romania should be smart enough to be part of Japan’s reconstruction, he said.