reforms

IMF: Romania May Accelerate Economic Growth With Good Reforms, Solid Investments

Romania's economic growth will continue this year and may even accelerate next year, but only through continued and "satisfactory" reforms, improved absorption of EU funds and solid investment plans, IMF mission chief Jeffrey Franks said Saturday.

Romanian Public Spending „Infested” By Inefficiency – IMF Official

Romania must continue fiscal consolidation to reduce the budget deficit to under 3% by 2012, especially given its poor absorption of European funds and public spending "infested" by inefficiency, said IMF mission chief Jeffrey Franks.

Romania Must Continue Public Sector Restructuring Process – IMF Official

Romania must continue the process of restructuring its public sector in the upcoming years, so that, following reforms, the country's economy become more competitive and efficient, IMF mission chief Jeffrey Franks said Saturday.

IMF Concerned With Romania’s Ability To Continue Reforms

The board of the International Monetary Fund is concerned with Romania’s capacity to continue to implement reforms, IMF mission head to Romania Jeffrey Franks told MEDIAFAX.

Romanian Economy Won’t Grow Without Quick Reforms – IMF Official

Romanian economy cannot post significant growth without swift structural reforms and an overhauling of the public expenditure by reducing current spending and increasing investment, according to Mihai Tanasescu, Romania's representative to the International Monetary Fund.

World Bank Commends Romania’s Progress Of Reforms, Prepares Another Visit

The World Bank team to Romania commended the country’s significant progress in achieving the agreed reform agenda part of the second Development Policy Loans (DPL) program and committed to return to Bucharest as progress continues, the institution said Wednesday.

Romanian Govt Stands By Decision To Take Responsibility Despite Unions’ Protest Plans

The Romanian Government maintains its decision to take responsibility for three draft laws before Parliament by the set deadline, to avoid breaching the agreement with the International Monetary Fund and thus losing IMF funds, Prime Minister Emil Boc said late Thursday on public television.

Romanian Govt To Take Responsibility For Law Packs In Three Stages

Romanian interior minister and deputy prime minister Dan Nica said Monday the government will take responsibility in Parliament, in three stages, for three law packs: economic measures, the unitary wage law and the education laws.

Romanian Govt To Take Responsibility For Laws On Wages, Education, Restructuring On Sept 2

The Romanian government will take responsibility in Parliament, on Sept 2, for the unitary pay law in the budget sector, the law restructuring government agencies, and the laws on pension-wage cumulus and on education, Prime Minister Emil Boc said Monday after the meeting of the ruling coalition.

Romanian Pres Voices Out High Expectations From New Govt

Romanian President Traian Basescu said Friday he assumed responsibility for the setting up of the current center-left ruling structure, but pointed out that the government would soon become a “clientele” majority unless it manages to reform Romania.