Romania: 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Romania

IMF Staff Country Reports, May 11, 2016

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Romania: 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Romania

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Bibliographic details

• Published: May 11, 2016
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781475554786.002

Recent economic developments

• Romania made important progress in addressing economic imbalances and restoring growth after the global financial crisis.
• Prudent policies, partly in the context of successive IMF-supported programs, reduced vulnerabilities.
• The fiscal and current account deficits improved markedly.
• Economic policies have weakened recently and hard-won gains are at risk of being reversed.
• Governance problems have received more attention recently, and Romania has made progress compared to its peers in the fight against corruption.

Outlook and risks

• Staff’s baseline projection is for growth to remain above potential in 2016–17.
• The report discusses outlook and risks related to the Romanian economy (no additional numeric projection details provided on the page).

Policy assessment and implications

• Strengthened fiscal and external positions reflect earlier prudent policies and IMF-supported programs.
• Recent weakening of economic policies poses a risk to the sustainability of improvements.
• Continued attention to governance and anti-corruption efforts is highlighted as important for maintaining progress.

Content in this bundle

• 1. Romania’s Recent Anticorruption Campaign
  • 1. Romania’s Recent Anticorruption Campaign (Markdown version)
  • 1. Romania’s Recent Anticorruption Campaign (PDF)