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Romania Must Adopt Public Wage Law, State Budget, Pension Law To Get Loan Tranche – IMF

The public sector wage law, approving the 2011 state budget and pension reform are among the issues cited by the IMF as requiring that the next tranche of the loan be released to Romania in January, a month later than originally scheduled.
Romania Must Adopt Public Wage Law, State Budget, Pension Law To Get Loan Tranche - IMF
Florin Badescu
01 nov. 2010, 14:27, English

The International Monetary Fund and European Commission officials Monday insisted Romania change its ordinance on consumer loans to better suit lenders and customers alike, but declined to specify whether the new tranche of the EUR20 billion lifeline depends on the act being amended.

The consumer loan ordinance should protect customers, but it shouldn’t endanger financial stability, IMF mission head Jeffrey Franks told reporters.