IMF, Romanian PM Hold Working Meeting In Bucharest

A delegation of the International Monetary Fund led by Tonny Lybek met Monday with Romanian officials to discuss the Government’s commitments under a EUR13 billion loan agreement and set up the coordinates for the Fund’s next mission in Bucharest due in October.

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The IMF delegation will hold talks with Prime Minister Emil Boc and several other Cabinet members, people familiar with the matter told MEDIAFAX.

Romania and the IMF signed last year a EUR13 billion loan agreement, as part of a larger EUR20 billion aid package which includes funds from the EU, the World Bank and other foreign lenders.

Last week, Romanian President Traian Basescu said the Government should use the October meeting to analyze the possibility of signing a new agreement with the IMF.

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