As of September 1, 2016, Cezar Botel, Director of the Macroeconomic Modeling and Forecasting Department at National Bank of Romania (BNR) currently, will take over the position of Romania’s representative at the International Monetary Fund (IMF), central bank Governor Mugur Isarescu announced on Monday.
The directorship of the Modeling Directorate will be taken over by Tudor Grosu.
According to Isarescu, Romania’s new representative at IMF began his career at the central bank in the 90s, then went to the United States where he got a successful PhD. He was also professor at an American university. Botel come back in the early 2000s within BNR, creating young specialists directorate – Modeling Department.
Romania is member of the International Monetary Fund (IMF) since 1972. Starting with February 2, 2016, Romania’s quota equals SDR 1,811.4 million (0.38 percent of total quota).