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IMF discusses on Friday the first evaluation of the new agreement with Romania

The executive council of the IMF will discuss on Friday the first evaluation of the stand-by agreement preventive type with Romania and the request for amendment of some performance criteria, according to the site of the financial institution and quoted by Mediafax.

Romania signed in March a new stand-by agreement with IMF preventive type for two years with a value of 3.09 billion DST ( almost 3.5 billion euro) 300% respectively of the quota they have with the Fund. The agreement will be accompanied with a preventive support of 1.5 billion euro from the European Union and a loan of 400 million euro from the World Bank.

The first evaluation of the new agreement was closed on 9 May when the head of the IMF mission to Romania Jeffrey Franks stated that the representatives of the international financial institution reached an agreement with the government regarding the economic policies and th letter of intention is to be analysed by the IMF board at the end of June. Romania had underway, over the last two years a financial agreement of 20 billion euro signed in March 2009 with IMF, EU, the World Bank and other international financial institutions.

Sursa: http://www.agerpres.ro

Tags: agreement romania first evaluation euro

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