tranches

A delay in implementing Romania’s planned fiscal measures in the public sector could prompt the International Monetary Fund reschedule the release of a fifth loan installment to the country until the measures are in place, IMF mission head Jeffrey Franks said Monday.

Romania will encounter no problems in getting the next tranches of a EUR13 billion loan, as the country fulfilled its engagements, Romanian Prime Minister Emil Boc said Sunday.

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.