Romania: Request for a Stand-By Arrangement

November 12, 2001

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Romania: Request for a Stand-By Arrangement, (USA: International Monetary Fund, 2001) accessed September 18, 2024

Summary

Romania showed progress in stabilization and reform, facilitated by substantial fiscal and external adjustments, under the Stand-By Arrangement. Executive Directors commended these developments, and emphasized the need to improve fiscal and monetary policies, and accelerate structural reforms. Directors appreciated the authorities' commitment to accelerate European Union accession, and stressed the need for fiscal consolidation, financial discipline in state-owned enterprises, and rapid privatization for reducing inflation and protecting external sustainability. They urged the authorities for the full implementation of the economic program, and approved a Stand-By Arrangement.

Subject: Balance of payments, Current account deficits, Economic sectors, Energy sector, Monetary base, Money, Privatization, Public enterprises

Keywords: Central and Eastern Europe, CR, Current account deficits, Disinflation strategy, Eastern Europe, Electricity distribution sector, End-December performance criteria, Energy sector, Global, Government, ISCR, Monetary base, Privatization, Privatization program, Privatization project, Public enterprises, Stand-by credit

Publication Details

Pages:

91
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2001/204
Stock No:

1ROMEA0022001
ISBN:

9781451832761
ISSN:

1934-7685

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