Loan To Romania Unconditioned By Govt Structure – IMF

„There is no expectation in interrupting the program with the IMF. We have negotiated the program with Romania, not with a certain party,” Lybek told MEDIAFAX in a phone interview.

Lybek said the IMF’s next mission to Romania, scheduled for arrival late October, will be able to make additional comments on the situation.

Romanian President Traian Basescu on Thursday endorsed the sacking of interior minister Dan Nica, which triggered the resignation en masse of the social democrat ministers.

Following the move, the democrat liberals are left with only two choices: to seek a new alliance with the parties in opposition, or to call for early parliament elections.

Romania and signed a EUR12.95 billion two-year agreement with the IMF this spring, premised by a series of structural economic and fiscal reforms the central European country must implement over a relatively short period.

Romania has already received around EUR7 billion from IMF money and is due to obtain another EUR1.5 billion disbursement in December, provided it scores well at a second quarterly review made by the fund.