IMF Staff Country Reports

Romania : 2007 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Romania

Author/Editor:

International Monetary Fund

Publication Date:

June 25, 2007

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The 2007 Article IV Consultation explains Romania’s fiscal and income policies and financial sector issues. The economic outlook is clouded by a widening current account imbalance and the risk of a resurgence of inflation pressures, as a result of strong domestic demand that is being fuelled by rapid credit growth and procyclical fiscal and incomes policies. Executive Directors emphasized the need for policies that reduce vulnerabilities, support sustainable growth, and maximize the gains from EU membership.

Series:

Country Report No. 07/219

Subject:

Article IV consultations Balance of payments Credit expansion Current account balances Current account deficits Economic indicators Exchange rate policy Exchange rates External debt Financial sector Financial soundness indicators Fiscal policy Fund policies Inflation Labor markets Monetary policy Public debt Public information Romania Social indicators Staff appraisals Staff Reports Wage policy Wages