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.

Publication Date: January 23, 2012
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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(s): Bank supervision | Banking sector | Economic growth | Economic indicators | Fiscal reforms | Inflation targeting | Performance criteria modifications | Staff Reports | Stand-by arrangement reviews

Publication Date: January 23, 2012
ISBN/ISSN: 9781463932510/1934-7685 Format: Paper
Stock No: 1ROUEA2012001 Pages: 91
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