Romania Unwilling to Access Conditional International Loans

Citu said the government is currently raising financing on the local market, where it has not been penalized with high interests despite worsening ratings outlooks and a widening budget deficit.

He added the country also gets financing from the international market though euro-denominated bond issues. Romania has already raised half its EUR6 billion eurobond target for the year back in March.

The finance ministry also seeks to raise around RON6 billion in 2020 selling household bonds and is looking into resuming an issuance program via banks for bonds that would later be listed on the stock market.

 

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