Romania : Third Review Under the Stand-By Arrangement—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Romania.

Author/Editor:

International Monetary Fund

Publication Date:

January 23, 2012

Electronic Access:

Free Full text (PDF file size is 1658 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses key findings of the Third Review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA). The authorities are on track to achieve their 2011–12 deficit targets, but stepped-up efforts are needed on key structural reforms. Inflation has dropped sharply, reflecting food prices deflation and the removal of the VAT base effect. All end-September quantitative performance criteria and indicative targets were met, and inflation returned to the inner band of the inflation consultation mechanism.

Series:

Country Report No. 12/11

Subject:

English

Publication Date:

January 23, 2012

ISBN/ISSN:

9781463932510/1934-7685

Stock No:

1ROUEA2012001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

91

Please address any questions about this title to publications@imf.org