Romania: Second Review under the Stand-By Arrangement and Request for Modification of Performance Criteria-Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Romania.
October 5, 2011
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Although the economic growth of Romania has resumed, it has boosted downside risks. However, the country has continued its strong performance under the new program in strengthening macroeconomic policies, accelerating structural reforms, and consolidating economic development. In conclusion, the authorities concur that the current precautionary Stand-By Arrangement (SBA) will provide additional security against unforeseen shocks, thereby setting the stage for strong and sustainable economic development while maintaining external and internal stability and thereby achieving the fiscal goals for 2012.
Subject: Arrears, Economic sectors, External debt, Inflation, Prices, Public debt, Public enterprises
Keywords: Arrears, authority, CR, EU funds, Europe, executive board's discussion, Global, government, government lending, government ordinance, Inflation, ISCR, Public enterprises, Romania's capacity, securitizing SOE arrears, Western Europe
Pages:
84
Volume:
2011
DOI:
Issue:
297
Series:
Country Report No. 2011/297
Stock No:
1ROUEA2011005
ISBN:
9781463921910
ISSN:
1934-7685
