Romania : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

July 16, 1997

Summary:

This paper reviews economic developments in Romania during 1990–97. Reforms have been relatively slow since the beginning of the transition process. Except for a brief and inconsequential interlude in 1993, comprehensive programs for privatization and for restructuring or liquidation of loss-making enterprises were not launched until 1995. These programs have done little to improve governance so far. As of end-1996, the economy was still largely characterized by state ownership and control; by fixed prices and quantitative constraints; and by ailing enterprises and subsidization of losses.

Series:

Country Report No. 97/46

Subject:

English

Publication Date:

July 16, 1997

ISBN/ISSN:

9781451832686/1934-7685

Stock No:

1ROMEA0011997

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

143

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