News Brief: IMF Approves 1-Week Extension of Stand-By Credit to Romania
May 31, 2000
The Executive Board of the International Monetary Fund (IMF) today approved a technical extension of the stand-by credit to Romania until June 7, 2000. The stand-by credit, which totals an amount equivalent to SDR 400 million (about US$528 million), was due to expire today. An Executive Board meeting on the first review and the requested extension of the stand-by credit to February 2001 is expected to be held no later than June 7.
IMF EXTERNAL RELATIONS DEPARTMENT
| Public Affairs | Media Relations | |||
|---|---|---|---|---|
| E-mail: | publicaffairs@imf.org | E-mail: | media@imf.org | |
| Fax: | 202-623-6278 | Phone: | 202-623-7100 | |