Romania-Seventh Review Under the Stand-By Arrangement, Cancellation of Current Stand-By Arrangement, and Request for a New Stand-By Arrangement-Staff Report; Supplement on the Assessment of the Risks to the Fund and the Fund's Liquidity Position; Supplementary Information; Press Release on the Executive Board Discussion; Statement by the Executive Director and the Senior Advisor to the Executive Director for Romania

Author/Editor:

International Monetary Fund

Publication Date:

April 1, 2011

Electronic Access:

Free Full Text (PDF file size is 2076 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Romania’s external position continues to improve. Inflation peaked in December 2010, and is now likely to decline. Financial market stress has remained relatively low in recent months. The current account deficit improved from 13½ percent of GDP in 2007 to about 4¼ percent of GDP in 2010, driven by a strong shrinking trade deficit. Significant progress has been made under the Stand-By Arrangement (SBA) in achieving fiscal consolidation and safeguarding the financial sector. Most performance criteria and structural benchmarks were met throughout the program.

Series:

Country Report No. 11/80

Subject:

Frequency:

Biannually

English

Publication Date:

April 1, 2011

ISBN/ISSN:

9781455230075/1934-7685

Stock No:

1ROUEA2011003

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

101

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