Romania's Agreeement With IMF Only To Finance Budget Deficit - Ex-Fin Min

The agreement Romania closed with the International Monetary Fund IMF aims just at borrowing funds to cover the country’s budget deficit, as the private companies does not face debt payment issues, the president of Senate's Economy Commission, Varujan Vosganian, said Wednesday.

Urmărește
4 afișări

“The meeting (between Parliament and central bank representatives - e.n.) strengthened my view that the agreement with the IMF has the only duty to finance a budget deficit which the government cannot control,” Vosganian said after the meeting.

Vosganian, a member of the opposition Liberal Party and the former Finance Minister, said there is no study showing the private companies cannot pay their external debts totaling EUR24 billion, as the loans are not even “immediate due”.

Vosganian also said the banks have are stable as financing lines will not be withdrawn.

Romania’s central bank governor Mugur Isarescu took part Wednesday at a debate within the Parliament on the country’s current economic and monetary status, following the agreement with the IMF.

Romania and IMF agreed last week on an economic program supported by a EUR12.95 billion loan under a two-year stand-by arrangement. The total value of the financial package that includes a EUR5 billion loan from the European Union, and an EUR1 billion loan from the World Bank is of EUR19.95 billion.

Conținutul website-ului www.mediafax.ro este destinat exclusiv informării și uzului dumneavoastră personal. Este interzisă republicarea conținutului acestui site în lipsa unui acord din partea MEDIAFAX. Pentru a obține acest acord, vă rugăm să ne contactați la adresa vanzari@mediafax.ro.

 

Preluarea fără cost a materialelor de presă (text, foto si/sau video), purtătoare de drepturi de proprietate intelectuală, este aprobată de către www.mediafax.ro doar în limita a 250 de semne. Spaţiile şi URL-ul/hyperlink-ul nu sunt luate în considerare în numerotarea semnelor. Preluarea de informaţii poate fi făcută numai în acord cu termenii agreaţi şi menţionaţi aici