IMF Comes To Romania For Periodical Information – Deputy PM

Nica said, after the meeting of the ruling coalition, that the IMF delegation comes to Romania for exchange of information, related to an existing arrangement, which takes place periodically between IMF and each country’s institutions in charge.

"(…) There is a mechanism according to which IMF comes to Romania following existing arrangements. IMF has the obligation to supervise the world economy and the financial system at world level,” Nica stated.

Nica added they discussed the ways to finance economy in 2008, but they have not finalized the evaluation process yet, and that they are concerned towards the stricter lending rules for Romanian companies.

Social democrat leader head Mircea Geoana stated that according to his information, IMF representatives will come to Bucharest, and that Romania should have a real anti-crisis plan before making a decision on an agreement with the fund.

Geoana stated that the talks on such an important decision, like an IMF loan, are taking place "on the sly".

Romanian Prime Minister Emil Boc said Sunday that the Romanian government is in talks with the European Commission to get a foreign loan, and European officials, in turn, are in talks with the International Monetary Fund and often require foreign loan agreements to be coupled with an IMF agreement.