Prima pagină » English » Romania To Sign Precautionary Deal With EU – Fin Min

Romania To Sign Precautionary Deal With EU – Fin Min

Romania will sign new, precautionary agreements with both the International Monetary Fund, and the European Commission, Finance Minister Gheorghe Ialomitianu told a news conference Monday.
Romania To Sign Precautionary Deal With EU - Fin Min
Oana Gavrila
10 ian. 2011, 13:34, English

Asked by journalists what type of deal would Romania and the European Commission sign, the minister said several times the next agreement will be a precautionary one, as the loan that will be agreed with the IMF.

„If Romania cannot cover its deficit, it will draw these funds from the Commission, but this is not the case,” Ialomitianu said.

In 2009, Romania secured a EUR20 billion financial package, backed by funds from the IMF and the EU. The Romanian authorities plan to enter new agreements with the international lenders once the current arrangement expires in May.