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Romania To Decide In Next Period If Taking External Loan – Pres

Romania will decide in the next period if taking or not the external loan from the IMF and the E.U., and a conclusion will be drawn after the negotiations in which the country will be represented by the Finance Ministry and the central bank, President Traian Basescu said Friday.
Romania To Decide In Next Period If Taking External Loan - Pres
20 mart. 2009, 16:24, English

Basescu said the IMF concluded Thursday its report on Romania and the letter of intention draft. The central bank and the Finance Ministry will start negotiations afterwards.

Basescu said a decision on taking the loan would be taken after the negotiations.

Romanian authorities are currently discussing with the IMF, the E.U. and other international financial institutions a financial package that could amount to EUR20 billion.