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IMF Mission Meets Romanian Ctrl Bk Governor Wednesday

The International Monetary Fund mission in Romanian will meet Wednesday the central bank governor Mugur Isarescu and, later in the day, the group of ministers nominated to negotiate with the institution, governmental sources told MEDIAFAX.
IMF Mission Meets Romanian Ctrl Bk Governor Wednesday
29 iul. 2009, 16:39, English

Prime Minister Emil Boc could also take part in the second meeting, the quoted sources said.

Contacted by MEDIAFAX, Adrian Vasilescu, one of Isarescu’s advisers, confirmed the meeting with the IMF mission would take place at 1400 GMT.

The government’s team designated to negotiate with the IMF includes finance minister Gheorghe Pogea, economy minister Adriean Videanu, transports minister Radu Berceanu, deputy prime minister Dan Nica, SMEs minister Constantin Nita and labor minister Marian Sarbu. 

An IMF mission led by Jeffrey Franks came to Bucharest on Tuesday for the first assessment of the stand-by agreement for Romania approved by the financial institution in May. The evaluation is due to end on August 10.

Romania and the IMF agreed on a EUR12.95 billion two-year stand-by arrangement, as part of a EUR19.95 billion financial support package that also includes funds from the European Commission, the World Bank, and the European Bank for Reconstruction and Development.