{
  "title": "Romania: Second and Third Reviews under the Stand-By Arrangement, Request Rephasing and Waiver of Nonobservance of Performance Criterion; Statement by the IMF Staff Representative; and Press Release on the Executive Board Discussion",
  "publication": "IMF Staff Country Reports, February 24, 2010",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/romania-second-and-third-reviews-under-the-stand-by-arrangement-request-rephasing-and-waiver-23647",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2016/12/31/romania-second-and-third-reviews-under-the-stand-by-arrangement-request-rephasing-and-waiver-23647",
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  "summary": "This paper discusses key findings of the Second and Third Reviews under the Stand-By Arrangement for Romania. Most end-December 2009 quantitative performance criteria were met.",
  "sections": [
    {
      "heading": "Key findings",
      "content": "- Most end-December 2009 quantitative performance criteria were met.\n- The ceiling on the accumulation of domestic arrears at end-September was missed.\n- Preliminary data suggest the end-December target for the accumulation of domestic arrears was also missed.\n- The end-2009 inflation rate was slightly higher than the central bank target, but remained well within the inner band of the inflation consultation mechanism.\n- The authorities have agreed to reschedule the benchmark for end-June 2010.\n- IMF staff supports the waiver requested by the authorities."
    },
    {
      "heading": "Policy and program actions",
      "content": "- Agreement by the authorities to reschedule the benchmark for end-June 2010.\n- IMF staff supports the authorities' request for a waiver of nonobservance of a performance criterion."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subject: Balance of payments, Banking, Current account, Expenditure, External debt, Fiscal stance, Inflation, Prices, Public debt\n- Keywords: consumer spending indicator, CR, Current account, deficit target, dynamics annual, Global, Inflation, ISCR, short term indicator, staff appraisal, staff projection, target\n\n---\n\n Content in this bundle\n\n- cr1049\n  - cr1049 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1049 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: February 24, 2010",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451832945.002",
    "Most end-December 2009 quantitative performance criteria were met.",
    "The ceiling on the accumulation of domestic arrears at end-September was missed.",
    "Preliminary data suggest the end-December target for the accumulation of domestic arrears was also missed.",
    "The end-2009 inflation rate was slightly higher than the central bank target, but remained well within the inner band of the inflation consultation mechanism.",
    "The authorities have agreed to reschedule the benchmark for end-June 2010.",
    "IMF staff supports the waiver requested by the authorities.",
    "Agreement by the authorities to reschedule the benchmark for end-June 2010.",
    "IMF staff supports the authorities' request for a waiver of nonobservance of a performance criterion.",
    "Subject: Balance of payments, Banking, Current account, Expenditure, External debt, Fiscal stance, Inflation, Prices, Public debt",
    "Keywords: consumer spending indicator, CR, Current account, deficit target, dynamics annual, Global, Inflation, ISCR, short term indicator, staff appraisal, staff projection, target",
    "**_cr1049**"
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