IMF to visit Romania as soon as new cabinet has been formed

An International Monetary Fund mission will visit Romania as soon as new cabinet has been formed to begin talks with Romanian authorities on the second review or the country’s economic performance under the stand-by arrangement, according to Jeffrey Franks, IMF Mission Chief for Romania.

Jeffrey Franks said the International Monetary Fund was closely following the political developments in Romania, but he didn’t anticipate an interruption of the stand-by agreement with Romania or a change in policy whatsoever.

“A mission to initiate discussions with authorities on the second review of the SBA is, therefore, expected to visit Romania as soon as a new cabinet has been formed," the chief of IMF mission in Romania said in a press release.

In the press release of the Fund, IMF says its programs support the sound economic policies of the partner countries, not a particular government or political party.

Franks added the IMF was “closely” monitoring the political developments in Romania and “didn’t anticipate an interruption in the stand-by arrangement”, due to current political uncertainty.


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