Romania : Request for a Stand-By Arrangement

Publication Date: October 04, 2013
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Summary: This paper discusses Romania’s Request for a Stand-By Arrangement (SBA). Since the 2008 global financial crisis, Romania has made significant progress in reducing macroeconomic imbalances and rebuilding fiscal and financial buffers. However, Romania remains vulnerable to external shocks, in particular uncertainties in the euro area as well as global volatility in capital flows to emerging markets. The new SBA would provide a valuable policy anchor and support Romania’s comprehensive economic program for 2013–2015 to maintain sound macroeconomic policies and financial sector stability and continue structural reforms to enhance growth prospects. The IMF staff supports the authorities’ request for a new SBA.
Series: Country Report No. 13/307
Subject(s): Stand-by arrangement requests | Fiscal policy | Unemployment | Fiscal reforms | Public enterprises | Energy sector | Transport | Banking sector | Monetary policy | Bank supervision | Economic indicators | Staff Reports | Press releases | Romania

Publication Date: October 04, 2013
ISBN/ISSN: 9781475518344/1934-7685 Format: Paper
Stock No: 1ROUEA2013002 Pages: 112
US$18.00 (Academic Rate:
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