Press Release: Statement after a joint Commission-IMF-WB mission to Romania

The joint European Commission, IMF and World Bank mission concluded on 10 May 2010 its discussions with the Romanian authorities on the implementation of the policy programme under the €20bn multilateral assistance package. Agreement has been reached on additional measures to narrow the 2010 budget deficit to 7.3% of GDP (in ESA95 terms).

Such a consolidation effort is necessary to put Romania's public finances on a sound footing, while creating the conditions for a sustainable economic recovery.

IMF Survey, 11.5.10: Romania: delayed recovery now expected http://www.imf.org/external/pubs/ft/survey/so/2010/INT051110A.htm

---