Romania: First and Second Reviews Under the Stand-By Arrangement and Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Program conditionality, and Rephasing of the Availability Dates of Purchases
April 1, 2014
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This first and second reviews under the Stand-By-Arrangement analyzes Ex Post Evaluation of exceptional access for Romania. Efforts are needed to strengthen monetary policy transmission. The banking system remains well capitalized, but the authorities need to accelerate the resolution of nonperforming loans and closely monitor risks from parent bank deleveraging. The Romanian authorities continue their efforts to reach the goals of a broad structural agenda, with a focus on structural reforms in the energy, transport and healthcare sectors, and continue the reform of the state-owned enterprises.
Subject: Arrears, Banking, Budget planning and preparation, External debt, Inflation, Prices, Public debt, Public financial management (PFM)
Keywords: Arrears, arrears reduction, arrears report, Budget planning and preparation, CR, deficit, Executive Board's discussion, Global, Inflation, inflation development, insolvency code, ISCR, program objective, SOE arrears
Pages:
106
Volume:
2014
DOI:
Issue:
087
Series:
Country Report No. 2014/087
Stock No:
1ROUEA2014001
ISBN:
9781475516005
ISSN:
1934-7685
