IMF: Romanian 2012 Elections Pose Risk To Reforms

Next year, Romania will hold local and parliamentary elections.

The IMF has urged the authorities to decide on a course of action concerning state-owned companies: privatization, shutdown or restructuring.

In March this year, Romania and its international partners agreed on a EUR5 billion follow-up precautionary deal that will end in 2013. Joint teams from the IMF, the EU and the World Bank will be in Bucharest until May 9 for the first review of the follow-up agreement.