PM Emil Boc dismisses talks about new IMF agreement

Premier Emil Boc stated on Tuesday, in Targoviste (south) that, for the moment, there are no talks about a new accord Romania might conclude with the International Monetary Fund (IMF).

It is premature to discuss about a new accord with IMF and currently there are no such talks ongoing”, stressed the Premier in a press conference, who was present in Targoviste to attend the signing of a contract on the extension and rehabilitation of fresh water and wastewater infrastructure systems in Dambovita County.
An IMF Mission, headed by Jeffrey Franks, is visiting Bucharest in the period July 26 – August 4, focused on the evaluation of Romania’s fulfilling its commitments assumed under the Stand-by Agreement signed in May 2009.

A mission of the European Commission is in Bucharest over the same period, as well. Romania‘s financial assistance programme, in total value in excess of 20 billion euros, is provided by IMF (13.6 billion euros), the European Commission (5 billion euros), the World Bank (1 billion euros) and some other international financiers.
So far, Romania received almost 10.7 billion euros from IMF, 2.5 billion euros from the EU and 300 million euros from the World Bank.

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