Romania Must Adopt Pension Law, Pay Hospital Debts For New IMF Loan Tranche – PM

„There won’t be any problems if we keep walking a straight line. The IMF board has the final say, but as far as we’re concerned, we’ve done everything we needed to, for Romania first of all,” said Boc.

Boc stated the country’s development is tied to the public sector’s restructuring.

The pension law was adopted by the Chamber of Deputies last Wednesday with 170 votes in favor, two against and three abstentions, after ten hours of debates and in the absence of MPs from opposition parties (Social Democratic, Liberal and Conservative), who had walked out. After the Social Democratic Party threatened to challenge the law before the Constitutional Court, the Chamber’s Standing Bureau announced Monday that it would retake the vote, if the plenum approves.

Last year, Romania and the IMF signed a EUR13 billion loan agreement, as part of a EUR20 billion aid package which includes funds from the EU, the World Bank and other foreign lenders. The sixth tranche is worth EUR914 million.