International institutions break off talks with Romania in the absence of a government

World Bank said it wouldn’t continue discussions with Romania until a new government was formed, after IMF issued a similar press statement. Meanwhile, the talks initiated by the designated Prime Minister with the parties seem to progress in slow-motion, and the formation of a new government is no certainty even after 22 days since it erupted.

World Bank has postponed its visit in Romania, which was initially scheduled for this week simultaneously with IMF’s, until a new cabinet had formed, according to the representatives of the World Bank.

“World Bank has postponed its visit initially scheduled for this week until a new cabinet is formed. The visit was scheduled simultaneously with IMF’s, given the role of the Fund in the stand-by arrangement with Romania”, World Bank said.

International Monetary Fund said last week that a mission to initiate discussions with authorities on the second review of the Stand-By Arrangement was expected to visit Romania as soon as the new cabinet had been formed.

“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," said Jeffrey Franks, IMF mission chief for Romania and Bulgaria.

Franks also said the institution was closely following political developments in Romania, and “does not anticipate an interruption in the Stand-By Arrangement or a change in policy as a result of these developments”.

“Program initiated by the International Monetary Fund support sound economic policies of partner countries, not a particular government or a political party,” Franksa said in the press statement.

The interruption of the agreement with IMF would be disastrous for Romania, because if anything set out under the SBA went off track, the borrowing costs would be enormous, said recently the designated Prime Minister Lucian Croitoru.

“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.

Lucian Croitoru said he would hold consultations with political parties PSD, PNL, UDMR and minorities, announcing he would request PSD to make three nominations for Interior Minister.

Citeste si:

Calculator Salariu: Află câți bani primești în mână în funcție de salariul brut »

Despre autor

Wall-Street.ro este un cotidian de business fondat în 2005, parte a grupului InternetCorp, unul dintre cei mai mari jucători din industria românească de publishing online.Pe parcursul celor peste 15 ani de prezență pe piața media, ne-am propus să fim o sursă de inspirație pentru mediul de business, dar și un canal de educație pentru pentru celelalte categorii de public interesate de zona economico-financiară.În plus, Wall-Street.ro are o experiență de 10 ani în organizarea de evenimente B2B, timp în care a susținut peste 100 de conferințe pe domenii precum Ecommerce, banking, retail, pharma&sănătate sau imobiliare. Astfel, am reușit să avem o acoperire completă - online și offline - pentru tot ce înseamnă business-ul de calitate.

Redactia Wall-Street »

Te-ar putea interesa și: