Memo: Statement by the WB, EC and IMF on the Review of Romania’s Economic Program

Staff teams from the World Bank (WB), European Commission (EC) and the International Monetary Fund (IMF) visited Bucharest from January 24 until February 6 for the regular review of Romania’s economic program. The objectives of the program were to solidify economic growth, while maintaining macroeconomic and financial stability.

The teams’ assessment was that the program remained on track. All IMF quantitative performance criteria for end-December were met. The authorities made good progress in implementing program policies in a very difficult external environment. Going forward, continued prudent macroeconomic policies and accelerated structural reforms are important to ensure strong economic performance and instil market confidence.

• Primary Source

The Sofia Echo, 6.2.12: Romanian aid deal on track, IMF, EC and World Bank say http://www.sofiaecho.com/2012/02/06/1760347_romanian-aid-deal-on-track-imf-ec-and-world-bank-say

IMF: Romania and the IMF http://www.imf.org/external/country/ROU/index.htm

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