Romanian Fin Min, Ctrl Bk Gov Sign Letter On IMF Loan

Romanian government acknowledged Thursday in a meeting the IMF letter approving the loan agreement with Romania, and the document will be sent to the IMF and the European Commission for approval.

After the final approval of the IMF Board and of the European Council, expected at the beginning of May, the government will draft a normative act regarding the external loan and will send it to the Parliament for debates and endorsement.

Pogea told MEDIAFAX Thursday that the letter does not include major changes from the initial version.

Romania agreed late-March with the IMF, the European Union and other international institutions on a EUR19.95 billion financial package, supported by a EUR12.95 IMF loan under a two-year stand-by arrangement.