Romania: First and Second Reviews Under the Stand-By Arrangement and Request for Waiver of Nonobservance of a Performance Criterion, Modification of Program Conditionality, and Rephasing of the Availability Dates of Purchases; Staff Report; Press Release; and Statement by the Executive Director for Romania

Publication Date: April 01, 2014
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Summary: This first and second reviews under the Stand-By-Arrangement analyzes Ex Post Evaluation of exceptional access for Romania. Efforts are needed to strengthen monetary policy transmission. The banking system remains well capitalized, but the authorities need to accelerate the resolution of nonperforming loans and closely monitor risks from parent bank deleveraging. The Romanian authorities continue their efforts to reach the goals of a broad structural agenda, with a focus on structural reforms in the energy, transport and healthcare sectors, and continue the reform of the state-owned enterprises.
Series: Country Report No. 14/87
Subject(s): Stand-by arrangement reviews | Economic growth | Fiscal policy | Fiscal reforms | Monetary policy | Staff Reports | Press releases | Performance criteria modifications | Phasing of purchases | Performance criteria waivers | Romania

Publication Date: April 01, 2014
ISBN/ISSN: 9781475516005/1934-7685 Format: Paper
Stock No: 1ROUEA2014001 Pages: 106
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