Romania : Ex Post Evaluation of Exceptional Access Under the 2011 Stand-By Arrangement

Author/Editor:

International Monetary Fund. Fiscal Affairs Dept.

Publication Date:

April 1, 2014

Electronic Access:

Free Full text (PDF file size is 938 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2004 Article IV Consultation on Romania highlights commendable progress under its home-grown IMF-supported program. Economic activity is picking up after a four-year slump, inflation remains low, the financial sector is stable, and the fiscal and external positions are improving. The 2014 budget aims to protect the gains under the program, continue the downward debt-to-GDP trajectory, and advance the reform agenda. Debt has fallen considerably owing to completion of a large part of the debt-land swap, but remains high. The authorities have taken welcome steps to strengthen the nonbank financial institutions supervisory framework.

Series:

Country Report No. 14/88

Subject:

English

Publication Date:

April 1, 2014

ISBN/ISSN:

9781475579550/1934-7685

Stock No:

1ROUEA2014002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

37

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