loan agreement

EximBank and Agricover Credit are extending, for two years, a loan agreement worth RON100 million, which was concluded in 2015 to ensure the resources needed to develop new financial products and services for farmers, according to a statement released on Wednesday.

The International Monetary Fund’s decision to postpone the conclusion of a budgetary revision in Hungary should not have any influence on Romania’s EUR13 billion agreement with the fund, IMF mission chief Jeffrey Franks said Monday.

Romanian Finance Minister Sebastian Vladescu said talks with the International Monetary Fund are difficult, given Romania’s economic situation, adding that, at the moment, there is no risk the country might not continue the agreement signed with the international institution.