imf

IMF Deal Could End Early If Romania Secures Enough Financing – Moody’s

14:50, 19 Ian. 2010
Romania’s EUR20 billion loan agreement with the International Monetary Fund and the European Union could end earlier than scheduled, provided the authorities in Bucharest are able to secure sufficient market financing, Moody’s Investors Service said in an analysis Tuesday.

IMF Mission To Visit Romania During Jan 20-27

11:07, 15 Ian. 2010
The International Monetary Fund will send a mission to Bucharest during January 20-27 to review the EUR13 billion agreement signed last year with Romania, an IMF representative said Friday.

Romania FinMin Says IMF Mission To Arrive After ECOFIN Meeting

10:27, 15 Ian. 2010
Romanian Finance Minister Sebastian Vladescu on Friday said he will return from the EU Economic and Finance Ministers' (ECOFIN) meeting in Brussels together with a delegation of the International Monetary Fund.

Romania Won’t Renegotiate IMF Deal – Fin Min

10:49, 06 Ian. 2010
Romania will not renegotiate the agreement with the International Monetary Fund, but will try to increase the funds allotted for public investments, Finance Minister Sebastian Vladescu told MEDIAFAX.

Romanian President Urges Speedy State Budget Adoption To Unlock International Bailout Money

13:29, 21 Dec. 2009
Romanian President Traian Basescu sent a latter to Parliament Monday urging adoption of the 2010 state budget by January 16 to unlock further disbursements of an IMF-led bailout loan of nearly EUR20 billion.

Romania’s Govt To Meet For Talks On 2010 Draft Budget Saturday

10:54, 19 Dec. 2009
Romania’s Government Saturday evening will convene in an informal meeting to talk on the 2010 draft state budget, people close to the matter told MEDIAFAX.

Romania To Cut Public Spending By 2.5% Of GDP In 2010 – IMF

12:41, 17 Dec. 2009
The International Monetary Fund and the Romanian Finance Ministry agreed on measures to reduce the public expenditure by 2.5 percentage points of the gross domestic product next year, in order to reach a budget deficit target of 5.9% from the GDP, the fund said Thursday.

IMF Ups Romania GDP Growth Forecast To -7% In ‘09, +1.3% In ’10

12:21, 17 Dec. 2009
The International Monetary Fund revised up its forecast on Romania's economic growth for 2009 and 2010, saying the economy looks better than a month ago on the backdrop of a stronger foreign demand.

Romania May Get 2 New IMF Loan Tranches On Feb 17 – President

11:16, 17 Dec. 2009
Romania might receive two new tranches of a EUR13 billion loan from the International Monetary Fund on February 17, provided it can adopt the 2010 budget by mid-January, President Traian Basescu said Thursday.

Romania Likely To Get New IMF Loan Tranche In Feb

12:46, 16 Dec. 2009
Romania is likely to receive a third EUR1.5 billion loan tranche from the International Monetary Fund in February, IMF representative Jeffrey Franks said Wednesday.

IMF Says Will Send New Review Mission To Romania In Jan

20:56, 15 Dec. 2009
The International Monetary Fund will send in January a new mission to Romania to assess the country’s performance in meeting the terms of a EUR20 billion IMF-led aid package, IMF official Jeffrey Franks said Tuesday.

Romania, IMF Agree On 2010 Draft Budget

20:12, 15 Dec. 2009
Romanian and the International Monetary Fund have reached an agreement on the country’s budget for 2010, IMF representative Jeffrey Franks said Tuesday.

Romania May Get New IMF Tranche In March – ING

12:14, 15 Dec. 2009
Romania might receive a new EUR1.5 billion tranche of its EUR23 billion loan from the International Monetary Fund in March next year, should a functioning government be in place by year-end, ING analysts said Tuesday.

IMF Mission Head Joins Team To Discuss Romania’s Budget

14:20, 14 Dec. 2009
Jeffrey Franks, the head of the International Monetary Fund's review mission, will arrive Monday in Bucharest to take part Tuesday at technical discussions on Romania's 2010 budget draft, according to Tonny Lybek, IMF Regional Resident Representative for Romania and Bulgaria.

Romanian Fin Min Hopes To Get IMF 3rd Tranche In Jan

11:41, 14 Dec. 2009
Romania’s acting Finance Minister Gheorghe Pogea on Monday said Romania still has chances to get in January the third tranche of a EUR13 billion loan from the International Monetary Fund.

IMF Delegation To Discuss Romania’s 2010 Budget

11:26, 14 Dec. 2009
An International Monetary Fund delegation arrived Monday in Bucharest to discuss the draft budget for 2010 jointly with the Finance Ministry representatives, and to prepare the second review of the stand-by agreement, which might take place in January, after the new government is formed.

IMF/EU Delegation To Visit Romania Next Week – Interim Fin Min

16:37, 11 Dec. 2009
A delegation comprising representatives of the International Monetary Fund and the European Commission is scheduled to arrive in Bucharest early next week to discuss Romania’s draft budget for 2010, Finance Minister Gheorghe Pogea told MEDIAFAX Friday.

Romania Sept Arrears Down To RON1.34B, Still Exceed IMF Criteria

13:32, 09 Dec. 2009
Romania’s arrears decreased by 205 million lei (EUR1=RON4.2373) to RON1.338 billion in the June-September period, Finance Ministry state secretary Gheorghe Gherghina told MEDIAFAX Wednesday.

Romania ’09 Budget Gap Could Stay Within Agreed Limits – IMF

13:43, 08 Dec. 2009
The International Monetary Fund expects Romania’s budget deficit in 2009 to be better than a previous estimation of 7.8% of the gross domestic product, IMF representative for Romania, Tonny Lybek said Tuesday.

IMF Loan Helped Romania Avert Potential Currency Crisis – Ctrl Bker

19:04, 25 Nov. 2009
Without the EUR20 billion aid package obtained in the spring, Romania might have been unable to prevent growing pressure on the leu, which in turn would have negatively impacted inflation and the leu-denominated household financial assets, central bank’s governor Mugur Isarescu said.

IMF Likely To Give Romania Next 2 Tranches Mid March – Official

15:09, 19 Nov. 2009
The International Monetary Fund is likely to disburse the next two tranches of its EUR13 billion loan to Romania mid-March, IMF representative Tonny Lybek said Thursday.

IMF: Parent Banks Reaffirm Commitment To Romania

10:49, 19 Nov. 2009
The parent banks of Romania’s top nine lenders on Wednesday reaffirmed their commitment to keep their exposure to the country and ensure capital adequacy levels over 10% for their subsidiaries, the International Monetary Fund said in a statement.

Romania Can Pay Pensions, Wages Without IMF Loan – Liberal

16:56, 07 Nov. 2009
Romanian liberal leader and former health minister Eugen Nicolaescu said Saturday Romania can afford to pay public sector wages and pensions even without the IMF’s bailout money and controversies on this issue are cynical and immoral.

IMF, EC Put Off Loan Disbursements To Romania On Political Uncertainty

15:23, 06 Nov. 2009
The International Monetary Fund is prepared to disburse a new tranche of its EUR13 billion loan to Romania as soon as the political crisis ends, IMF mission’s head Jeffrey Franks said Friday.

IMF Ups Forecast On Romania ‘09 GDP, Sees 7.5%-8% Contraction

14:59, 06 Nov. 2009
The International Monetary Fund upgraded its forecast on Romania’s economic growth this year, expecting now a contraction of 7.5%-8%, from 8%-8.5% previously estimated, IMF mission’s head Jeffrey Franks said Friday.

IMF Mission To Return To Romania When Legitimate Govt Is Installed – President

12:52, 06 Nov. 2009
Romanian President Traian Basescu said Friday the mission of the International Monetary Fund, World Bank and the European Commission will leave Romania Saturday and will come again to resume talks on the standby loan agreement when the country has a legitimate Government.

IMF To Defer Loan Disbursement To Romania For Jan 2010 – Sources

11:50, 06 Nov. 2009
The International Monetary Fund will most likely defer a third loan disbursement of EUR1.5 billion to Romania for January next year, people close to the matter told MEDIAFAX Friday.

Romania Asks IMF To Allow Higher Budget Deficit At 7.8% Of GDP – Sources

10:24, 06 Nov. 2009
Romania has asked the International Monetary Fund to allow it run a higher budget deficit at 7.8% of the gross domestic product this year, due to delays in applying spending cuts aimed at keeping the deficit in leash, people familiar with the matter told MEDIAFAX Thursday.

Romania Meets IMF’s Loan Terms, With ‘Maybe’ One Exception – Official

20:22, 04 Nov. 2009
Romania has met almost all targets set for September of its EUR13 billion standby arrangement with the International Monetary Fund, with maybe one exception, IMF mission’s head Jeffrey Franks said Wednesday.

Romania To Lose Face If IMF Halts Loan – Designated PM

12:54, 04 Nov. 2009
A potential halt of Romania’s agreement with the International Monetary Fund would bear serious consequences for the country’s external credibility, more so than if the deal had never been signed, designated premier Lucian Croitoru said Wednesday.

IMF Keeps Romania ‘09, ’10 Budget Gap Targets Unchanged

14:52, 03 Nov. 2009
The International Monetary Fund maintains its forecasts on Romania’s budget deficit unchanged at 7.3% of the gross domestic product this year and at 5.9% of the GDP in 2010, IMF mission’s head Jeffrey Franks said Tuesday.

Romanian Unions Ask IMF To Keep Its Loan Money To Teach Politicians A Lesson

13:18, 03 Nov. 2009
Romanian unions have asked the IMF not to disburse a third installment of a EUR12.95 billion bailout loan to teach politicians a lesson and employers said such a move would cause the country’s economy to collapse.

IMF Asks Romania To Cut The Cord On Big Debtors – Official

19:33, 02 Nov. 2009
The International Monetary Fund recommended the Romanian authorities scrap subsidies for companies largely indebted to the state budget as of next year, an official of the Economy Ministry said Monday.

Public Sector Employees, Pensioners Might Get Less Money Until Romania Is Set On Track

14:50, 30 Oct. 2009
Romanian democrat liberal leader Theodor Stolojan said Friday on Realitatea FM radio that retirees and employees in the public sector might receive reduced pensions and wages due to the current political context and taking into account the country’s relation with the International Monetary Fund.

Cancelling Public Sector Employees’ Unpaid Leave Entails Additional Expenses – Romanian Fin Min

22:07, 28 Oct. 2009
The postponement of the decision regarding the unpaid leave for employees in the public sector will require additional measures so that the budget deficit be no higher than 7.3% of the GDP, as negotiated with the International Monetary Fund, Romanian Finance Minister Gheorghe Pogea said Wednesday.

IMF Mission Meets Romanian Ctrl Bk Governor, Finance Minister

21:19, 28 Oct. 2009
A mission of the International Monetary Fund met Wednesday with central bank Governor Mugur Isarescu and held talks with the representatives of the Finance Ministry.

Romania Caretaker PM Changes Tune, Says IMF Deal May Need Renegotiating

16:30, 27 Oct. 2009
Romanian caretaker premier Emil Boc on Tuesday said Romania might have to renegotiate its EUR13 billion deal with the International Monetary Fund, relenting earlier statements on the deal being rock solid.

Romania Needs No Renegotiation Of IMF Deal – Caretaker PM

14:51, 27 Oct. 2009
Romania does not need to renegotiate its deal with the International Monetary Fund, because it has not missed any of the loan terms by October 1, caretaker Prime Minister Emil Boc said Tuesday.

ING Says IMF May Delay Loan Disbursement To Romania

12:33, 23 Oct. 2009
Romania can’t be sure that the International Monetary Fund will disburse the third tranche of a EUR13 billion loan by the due deadline in December, given the current political situation, ING Bank Romania said in a report Friday.

IMF To Visit Romania Oct 28-Nov 9, Follow-Up Mission May Be Needed

18:51, 22 Oct. 2009
The International Monetary Fund will send a second mission to Romania in the October 28-November 9 period to review the country’s progress regarding a EUR13 billion loan, but cautioned a follow-up mission may be necessary to continue talks after a new government is in place, the IMF said Thursday.