IMF Board Analyzes New Agreement With Romania On March 25

Romania decided to sign a follow-up agreement, worth EUR5 billion, with the IMF and the European Union to be enforced after a two-year EUR20 billion financial support plan ends in May.

The new agreement will be signed for two years and will be a precautionary deal.

Joint teams from the IMF and the EU visited Romania between January 25 and February 8 to review the country’s progress under the standby agreement and discuss the terms of a follow-up deal.