Romania: First and Second Reviews Under the Stand-By Arrangement, Request for Waivers, and Modification of Performance Criterion

September 5, 2002

Preview Citation

Format: Chicago

Romania: First and Second Reviews Under the Stand-By Arrangement, Request for Waivers, and Modification of Performance Criterion, (USA: International Monetary Fund, 2002) accessed November 21, 2024

Summary

This paper assesses Romania’s First and Second Reviews Under the Stand-By Arrangement (SBA), Request for Waivers, and Modification of Performance Criterion. The authorities have so far achieved the main macroeconomic objectives of the program supported by the SBA; the results now need to be consolidated and sustained. The program was designed with a view to reducing inflation while preserving growth and containing the current account deficit. The IMF staff considers that the government’s revised program deserves support. The government has also confirmed its commitment to the program through the adoption of important corrective measures.

Subject: Credit, Economic sectors, Energy sector, Labor, Monetary base, Money, Privatization, Public enterprises, Wages

Keywords: Authorities' strategy, Company, CR, Credit, Debt to bank, Energy sector, Enterprise debt, Europe, Executive board discussion, Global, Government decision, Inflation, ISCR, July, July inflation outcome, Privatization, Privatization advisor, Public enterprises, Target, Wages

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/194
Stock No:

1ROMEA0012002
ISBN:

9781451832723
ISSN:

1934-7685

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