IMF -- Resident Representative Office in Romania

Bucharest

Romania Resident Representative Site

Resident Representative Office in Romania

This web page presents information about the work of the IMF in Romania, including the activities of the IMF Resident Representative Office. Additional information can be found on the Romania and IMF country page, including IMF reports and Executive Board documents that deal with Romania.

At a Glance : Romania's Relations with the IMF

Current IMF membership: 186 countries
Romania joined in December 15, 1972
Quota: SDR 1,030.20 million
The last Article IV Executive Board Consultation was on May 23, 2007. (Country Report 07/219)
The Fund has had a resident representative in Bucharest since 1991.

News — Highlights

Joint IMF- EC Press Release--Bank Coordination Initiative for Romania; August 10, 2009

Following up on an agreement in March and May this year, the parent banks of the nine largest foreign-owned banks incorporated in Romania have all signed letters committing their respective groups' overall exposure to Romania and increasing the capital of their bank subsidiary to maintain a 10 percent capital adequacy ratio throughout Romania's Economic Program.

Romania and the IMF

Press Release: Parent Banks Reaffirm Commitment to Romania, European Commission and IMF Say

November 18,2009

Press Release: Statement by the IMF Mission in Romania

November 6,2009

IMF Survey: Agreement with Banks Limits Crisis in Emerging Europe

October 28,2009
In an interview, Erik Berglöf (European Bank for Reconstruction and Development) and Anne-Marie Gulde (IMF) discuss the impact of the European Bank Coordination Initiative, which has played a key role in helping emerging Europe avert systemic crisis.

Romania: First Review Under the Stand-By Arrangement, Request for Waiver of Nonobservance of Performance Criterion, and Request for Modification and Establishment of Performance Criteria; Statement by the IMF Staff Representative; and Press Release on the Executive Board Discussion;

October 8,2009
Series: Country Report No. 09/301

Romania -- Letter of Intent and Technical Memorandum of Understanding, September 08, 2009

October 7,2009
PDF File Size: 458Kb

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Regional Economic Outlook: Europe

Europe's contraction is ending, but the recovery is fragile. Policymakers should look beyond the crisis to secure a durable upswing and address the threats to potential growth from the crisis and the continent's well-known structural rigidities. The report's analytical work stresses the uncertainty surrounding potential growth estimates, and the more volatile environment faced by emerging economies in a tightly integrated region. In the near term, this calls for measures to restore the financial sector to health and for continued macroeconomic support, while preparing for the exit from extraordinary interventions in a coordinated and transparent fashion. Higher longer-term growth through structural change will support the recovery, smooth the exit, and help emerging markets to adjust to lower capital inflows in the crisis' aftermath.

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Resident Representative for Romania

Tonny Lybek
Resident Representative
in Romania and Bulgaria
Bucharest
E-mail: TLYBEK@imf.org
LDRAGAN@imf.org
Tel: (4021) 311-58-33
Fax: (4021) 318-1410

Regional Office for Romania and Bulgaria
In English — În română