Romania: First Review under the Stand-By Arrangement and Request for Modification of Performance Criteria—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Romania.

June 29, 2011

Preview Citation

Format: Chicago

Romania: First Review under the Stand-By Arrangement and Request for Modification of Performance Criteria—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Romania., (USA: International Monetary Fund, 2011) accessed November 22, 2024

Summary

Romania’s economy has stabilized and growth is now resuming. The financial program’s objectives include structural reforms in the energy and transport sectors, and restructuring and privatization of state-owned enterprises (SOEs). The macroeconomic outlook is expected to improve in 2011–12 with a gradual pickup in growth, a stable current account, and inflationary pressures that are still high but will begin to recede after mid-2011. The authorities are also focusing on reducing the arrears of the rest of the public sector.

Subject: Arrears, Banking, External debt, Fiscal policy, Fiscal stance, Inflation, Prices, Public debt

Keywords: Arrears, Consumer sentiment indicator, CR, Disbursement of SDR, Europe, Executive board's discussion, Fiscal stance, Global, Government, Government ordinance, Inflation, ISCR, Precautionary Stand-By Arrangement, Securitizing SOE arrears, Western Europe

Publication Details

Pages:

80
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/158
Stock No:

1ROUEA2011004
ISBN:

9781455276530
ISSN:

1934-7685

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