Romanian Ctrl Bk Chief To Explain IMF Loan In Parliament Hearing

Romania’s central bank governor Mugur Isarescu will be asked to explain in parliament the reverberations of the IMF loan on local economy during a hearing of the budget and finance committees, democrat liberal Deputy Mircea Toader said Wednesday.

4 views

Imaginea articolului Romanian Ctrl Bk Chief To Explain IMF Loan In Parliament Hearing

Romanian Ctrl Bk Chief To Explain IMF Loan In Parliament Hearing

“Our colleague Petru Calian asked the budget and finance committee of the Chamber of Deputies to invite central bank’s governor Mugur Isarescu (…) for a debate on how the bank contributes to the macroeconomic stability, how it supports the anti-crisis measures and the government program and how the IMF loan will have a positive influence to keep the exchange rate at a stable level,” Toader told a press conference.
 
Toader said the hearing will be scheduled at a date convenient to both Isarescu and the parliamentary committees.
 
Mircea Geoana, Senate chairman and head of the ruling coalition's Social Democratic Party (PSD) also said earlier Wednesday that Isarescu should present the Parliament with the central bank’s planned measures to revitalize the domestic lending.
 
Romania agreed with the International Monetary Fund, the European Commission and other financial institutions a EUR19.95 billion economic program supported by a EUR12.95 billion (about US$17.51 billion) loan under a two-year Stand-By Arrangement from the IMF.

If you liked this story, please follow MEDIAFAX.RO on FACEBOOK »

The content of mediafax.ro is for your information only. Republishing or using this content is forbidden without express consent of MEDIAFAX. For this consent, please ask for it by mail at vanzari@mediafax.ro.

 

The free download of the press materials (text, photo and / or video), bearers of intellectual property rights, is approved by www.mediafax.ro only within 250 signs. Spaces and URL / hyperlink are not taken into account when counting signs. The collection of information can only be done in accordance with the terms agreed and mentioned here