IMF Board Analyzes New Agreement With Romania On March 25

The Executive Board of the International Monetary Fund will discuss on March 25 the final review of the EUR13 billion stand-by loan for Romania and the terms of a new agreement with the Eastern European country.

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Romania decided to sign a follow-up agreement, worth EUR5 billion, with the IMF and the European Union to be enforced after a two-year EUR20 billion financial support plan ends in May.

The new agreement will be signed for two years and will be a precautionary deal.

Joint teams from the IMF and the EU visited Romania between January 25 and February 8 to review the country's progress under the standby agreement and discuss the terms of a follow-up deal.

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