‘Capital’: IMF mission to arrive in Bucharest for talks on the budget for 2017

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An International Monetary Fund (IMF) mission, led by Reza Baqir, will arrive in Bucharest on Wednesday to discuss with Romanian officials issues related to the budget for 2017, capital.ro informs.

The IMF mission will meet PM Sorin Grindeanu, Finance Minister Viorel Stefan and central bank Governor Mugur Isarescu during its stay in Romania until January 23.

The main topic to be discussed by the IMF and Romanian officials is the budget for 2017 and meeting the budget deficit limit.

The last agreement with the IMF, a preventive supervision one, expired in autumn 2015. It was the tenth agreement between Romania and the IMF during the past 23 years and the third requested to the international financial institution after the start of the economic crisis in 2009. At the time, Romania signed with the IMF, the European Commission and the World Bank a stand-by agreement for EUR 20 billion.

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