Romania: Ex-Post Assessment of Longer-Term Program Engagement

April 23, 2004

Preview Citation

Format: Chicago

Romania: Ex-Post Assessment of Longer-Term Program Engagement, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Summary

This paper reviews the experience of the IMF’s long-term engagement in Romania and options for future IMF involvement. The unfavorable growth performance also reflected adverse conditions for private sector development. Foreign investors have welcomed the more stable macroeconomic environment and the tax legislation overhaul under the recent Stand-By Arrangement. Although the overlap between Bank and IMF conditionality in the area of structural reforms was not conducive to reducing the number of conditions, it helped increase the pressure on the authorities to maintain the reform momentum.

Subject: Balance of payments, Banking, Current account deficits, Economic sectors, Energy sector, Inflation, Macrostructural analysis, Prices, Privatization, Structural reforms

Keywords: Authority, CR, Credit growth, Current account deficits, Energy sector, Fund, Fund engagement, Fund's strategy, Global, Government, IMF reviews Romania's performance, Inflation, ISCR, Policy, Policy implementation, Privatization, Program engagement, Program support, Structural reforms

Publication Details

Pages:

39
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2004/113
Stock No:

1ROMEA0012004
ISBN:

9781451832747
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports