Romania President OKs ’10 State Budget, Social Security Budget

The two laws were enacted by the Parliament on January 14.

Jeffrey Franks, chief of the International Monetary Fund Mission to Romania, stated Monday, after meeting the officials of the Transport and Economy Ministries, that he would also meet President Traian Basescu.

An IMF mission came to Bucharest between January 20 and 27, alongside representatives of the European Commission and the World Bank, to review the EUR20 billion financial package, after Romania’s parliament adopted the 2010 budget.

Romania and the IMF have signed a EUR13 billion standby arrangement in 2009, as part of a larger EUR20 billion package which includes funds from the EU, the World Bank and other international lenders.