IMF starts visit to Romania

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A team of the International Monetary Fund (IMF) led by Jan Kees Martijn will pay a visit to Bucharest from May 30 to June 10, 2022 for its regular meeting with the Romanian authorities (under the monitoring procedure generically called “Article IV Consultations”), reads a statement by the Fund.

The IMF team will discuss economic developments and policies with officials from the Ministry of Finance, the National Bank of Romania, government agencies, but also with representatives from the private and non-governmental sectors.

Romania holds 19,572 votes, the equivalent of 0.39% of the total.Since 1991, the financial assistance provided by the IMF has resulted in the approval of a number of ten stand-by agreements.

In the early 1990s, three special loans were made under financing facilities. Of the last three stand-by agreements approved by the IMF in 2009, 2011 and 2013, Romania made withdrawals of SDR 10.57 billion 1 (approximately 11.9 billion euros) from the one approved in 2009 alone.

The agreements approved in 2011 and 2013 were of a preventive nature, the Romanian authorities not making any withdrawals from the approved amounts (approximately 3.5 billion euros in 2011 and 1.98 billion euros in 2013).

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