Romania : Third Review Under the Stand-By Arrangement and Request for Waiver of Performance Criterion

Author/Editor:

International Monetary Fund

Publication Date:

May 7, 2003

Electronic Access:

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Summary:

This paper assesses Romania’s Third Review Under the Stand-By Arrangement and a Request for Waiver of Performance Criterion. Romania’s macroeconomic performance continued to be favorable, but slippages in wage policy and privatization delayed the completion of the third review. Robust GDP growth continued throughout 2002, and progress in reducing inflation and the current account deficit was better than targeted. However, financial discipline in the state-owned sector remained weak, and the end-September performance criterion on the wage bill in monitored state-owned enterprises was not observed.

Series:

Country Report No. 03/123

Subject:

English

Publication Date:

May 7, 2003

ISBN/ISSN:

9781451832815/1934-7685

Stock No:

1ROMEA0032003

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

79

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