IMF Staff Country Reports

Romania: Recent Economic Developments and Selected Background Studies

Publication Date:

February 7, 1996

Summary:

This Recent Economic Developments and Selected Background Studies paper on Romania provides an overview of key monetary and real sector developments in 1995, including the impact of agricultural credit on monetary control, the factors behind the growth in foreign currency credit, and the link between the current account deterioration and real sector developments. The paper examines fiscal policy and performance in the context of the tax reforms and improvements in expenditure management during the transition period, including progress in bringing implicit and “off-balance sheet” subsidies within the scope of budgetary policy.

Series:

Country Report No. 1996/009

Subject:

Banking Commercial banks Currency markets Foreign exchange Privatization

Notes:

This report on recent economic developments and selected background studies on Romania was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with this member country. As such, the views expressed in this document are those of the staff team and do not necessarily reflect the views of the Government of Romania or the Executive Board of the IMF.