Romanian President, PM, Ministers In Talks Over Recent Negotiations With IMF Experts

IMF experts are likely to meet with Basescu at the presidential palace to draw conclusions before they wrap up their mission in Romania on May 7.

Boc has discarded plans to fly to the United States Thursday, where he was to be awarded the honorific title of Doctor of Law by the Michigan State University, in order to attend talks between Government officials and IMF experts.

An IMF mission is in Bucharest between April 27 and May 7 for the fourth assessment of Romania’s progress under a EUR20 billion IMF-led loan agreement signed last spring. Following the mission, the IMF will decide whether to disburse a fifth installment of EUR850 million to the eastern European country.

So far, Romania received around EUR9.2 billion from the IMF.