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Any delay can bring upon higher costs

“Any delay can bring upon enormous costs”, said Croitoru when asked whether an interruption of the stand-by arrangement with International Monetary Fund would lead to a financial instability.

Croitoru told The Money Channel that the termination of the agreement with IMF would put Romania at risk of borrowing at higher costs and very short maturity.

IMF said in a press statement remitted after the collapse of the Boc government that a mission to initiate discussions with authorities on the second review of the SBA would visit Romania as soon as a new cabinet had been formed.

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