Romania’s Priority Is To Restart Healthy Econ Gwt – Ctrl Bker

“The real test is that the economic re-launch is made on a healthy basis,” Isarescu said during the “Romania Financial Forum” seminar, organized by MEDIAFAX and the central bank.

Economic growth should not create inflationist pressures and not lead to a larger current account deficit, as in the past, the governor said.

Thus, a mix between the government’s and the markets’ actions is necessary to re-launch economic growth on a healthy basis, Isarescu added.

The governor reiterated that Romania has anti-crisis programs, namely the agreements signed by Romanian authorities with the International Monetary Fund, the European Commission and other international financial institutions.

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