Romania : First Review under the Stand-By Arrangement and Request for Modification of Performance Criteria—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Romania.

Publication Date: June 29, 2011
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Summary: Romania’s economy has stabilized and growth is now resuming. The financial program’s objectives include structural reforms in the energy and transport sectors, and restructuring and privatization of state-owned enterprises (SOEs). The macroeconomic outlook is expected to improve in 2011–12 with a gradual pickup in growth, a stable current account, and inflationary pressures that are still high but will begin to recede after mid-2011. The authorities are also focusing on reducing the arrears of the rest of the public sector.
Series: Country Report No. 11/158

Publication Date: June 29, 2011
ISBN/ISSN: 9781455276530/1934-7685 Format: Paper
Stock No: 1ROUEA2011004 Pages: 80
US$18.00 (Academic Rate:
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