28 Iunie 2010
Moodys: The tranche from the IMF will be delayed
Today's ruling by the Constitutional Court will lead to a delay to the International Monetary Fund assistance, said Kenneth Orchard, Moody’s analyst, who added that Romanian government’s rating was contingent upon the continuation of the IMF/EU program.
Today's ruling by the Constitutional Court makes it likely that the IMF Board will postpone discussing Romania's review, and therefore the next tranche of the IMF loan will also be delayed”, Kenneth Orchard, Moody’s analyst said.
However, Moody's perceives this as temporary issue and not a fundamental break in the program.
The most likely course of events, Orchard continued, is that the government takes remedial action, probably raising some taxes, and the IMF/EU program will continue. The government's recent actions demonstrated strong commitment to the IMF/EU program, and Moody's expects that commitment to continue.
However, Moody's perceives this as temporary issue and not a fundamental break in the program.
The most likely course of events, Orchard continued, is that the government takes remedial action, probably raising some taxes, and the IMF/EU program will continue. The government's recent actions demonstrated strong commitment to the IMF/EU program, and Moody's expects that commitment to continue.