Prima pagină » English » Romania, IMF Set Loan Value At EUR12.95B To Avoid Unlucky 13

Romania, IMF Set Loan Value At EUR12.95B To Avoid Unlucky 13

Romanian authorities agreed with the International Monetary Fund the loan value in the stand-by agreement at EUR12.95 billion, to avoid 13, a number considered to bring bad luck, a source close to the talks told MEDIAFAX.
Romania, IMF Set Loan Value At EUR12.95B To Avoid Unlucky 13
24 mart. 2009, 20:34, English

One of the most important Romanian negotiators said during the talks: “Do something with that number! Pull out the 13, it brings bad luck,” according to the quoted source.
 
Several Romanian representatives agreed the idea, which was further assumed in the negotiations as an official position.
 
The exact value of the loan from the IMF was written Tuesday in the final form of the letter of intent.
 
The IMF delegation in Bucharest will announce Wednesday morning the main terms of the agreement with Romania in a news conference that will also be attended by European Commission and World Bank representatives.
 
The financial package agreed with Romania includes, alongside the IMF loan, a EUR5 billion loan from the European Commission, and EUR1 billion from the World Bank in a Development Policy Loan.
 
In addition, the European Investment Bank and the European Bank for Reconstruction and Development will finance the private sector with another EUR1 billion.