## 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_

## Source details

**Canonical URL:** [Romania: 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Romania](https://www.imf.org/en/publications/cr/issues/2016/12/31/romania-2016-article-iv-consultation-press-release-staff-report-informational-annex-and-43889)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/romania-2016-article-iv-consultation-press-release-staff-report-informational-annex-and-43889/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/romania-2016-article-iv-consultation-press-release-staff-report-informational-annex-and-43889/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/romania-2016-article-iv-consultation-press-release-staff-report-informational-annex-and-43889/bundle-manifest.json)

## Bibliographic details
- Published: May 11, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475554786.002

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### 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.

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## Content in this bundle

- **1. Romania’s Recent Anticorruption Campaign**
  - [1. Romania’s Recent Anticorruption Campaign (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16113.pdf.md){rel="alternate" type="text/markdown"}
  - [1. Romania’s Recent Anticorruption Campaign (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2016/_cr16113.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/romania-2016-article-iv-consultation-press-release-staff-report-informational-annex-and-43889_