## Romania: Request for Stand-By Arrangement: Staff Report; Staff Supplements; and Press Release on the Executive Board Discussion

_IMF Staff Country Reports, June 10, 2009_

## Source details

**Canonical URL:** [Romania: Request for Stand-By Arrangement: Staff Report; Staff Supplements; and Press Release on the Executive Board Discussion](https://www.imf.org/en/publications/cr/issues/2016/12/31/romania-request-for-stand-by-arrangement-staff-report-staff-supplements-and-press-release-on-23012)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/romania-request-for-stand-by-arrangement-staff-report-staff-supplements-and-press-release-on-23012/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/romania-request-for-stand-by-arrangement-staff-report-staff-supplements-and-press-release-on-23012/index.json)
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## Bibliographic details
- Published: June 10, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451832914.002

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### Macroeconomic performance and vulnerabilities
- Romania’s GDP growth averaged more than 6½ percent per year from 2003 to 2008.
- Growth was supported by foreign direct investment and capital inflows that financed high consumption and investment growth.
- Robust export growth to EU countries reflected increasing economic integration with western European economies.
- The rapid increase in borrowing that fueled the boom left Romania highly exposed to global financial difficulties and to exchange rate volatility.

### Purpose and content of the publication
- Staff report for Romania’s request for a Stand-By Arrangement is elaborated in the publication.
- Publication includes staff report, staff supplements, and the Press Release on the Executive Board Discussion.

### Key subjects and keywords covered
- Subjects: Banking, Commercial banks, Credit, Debt service, Exchange rates, External debt, Financial institutions, Foreign exchange, Public debt.
- Keywords: capital injection, Commercial banks, CR, Debt service, Eastern Europe, Exchange rates, financial support, financial support package, financing gap, Global, helping ease bank lending, interbank market rate, ISCR, lending, Romania.

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- **_cr09183**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/romania-request-for-stand-by-arrangement-staff-report-staff-supplements-and-press-release-on-23012_