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

Publication Date: April 01, 2014
Electronic Access: Free Full text (PDF file size is 938KB).
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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(s): Ex post assessments | Fiscal policy | Fiscal reforms | Stand-by arrangements | Conditionality | Monetary policy | Exceptional use of Fund resources | Romania

Publication Date: April 01, 2014
ISBN/ISSN: 9781475579550/1934-7685 Format: Paper
Stock No: 1ROUEA2014002 Pages: 37
US$18.00 (Academic Rate:
US$18.00 )
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