| Author (Corporate) | European Commission: DG Communication |
|---|---|
| Series Title | Memo |
| Series Details | MEMO/13/732 (31.07.13) |
| Publication Date | 31/07/2013 |
| Content Type | News, Overview |
|
Staff teams from the International Monetary Fund (IMF), the European Commission (EC), and the World Bank visited Bucharest during 17-31 July 2013. The mission reached a staff-level agreement with the authorities on an economic program that could be supported by a 24-months Stand-By Arrangement (SBA) with the IMF, subject to approval by IMF Management and the Executive Board, and Balance of Payments (BoP) assistance from the European Union, subject to approval by the EU Economic and Financial Committee. Proposed access would total €4bn, equally split between the IMF and the EU. The authorities intend to treat the arrangements as precautionary. |
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| Source Link | Link to Main Source http://europa.eu/rapid/press-release_MEMO-13-732_en.htm |
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| Countries / Regions | Europe, Romania |
