Romania: Fourth Review Under the Stand-By Arrangement and Request for Waivers of Performance Criteria

November 18, 2003

Preview Citation

Format: Chicago

Romania: Fourth Review Under the Stand-By Arrangement and Request for Waivers of Performance Criteria, (USA: International Monetary Fund, 2003) accessed November 28, 2024

Summary

Romania's macroeconomic performance remains broadly in line with the program, but the recent strengthening of domestic demand and nonobservance of four performance criteria require corrective measures. Discussions on policies for 2003 took place in the context of increasing risks stemming from unfavorable external developments, accelerating domestic demand, and a widening of the current account deficit. IMF staff noted the delay in preparing the privatization strategy for the energy sector, and encouraged the authorities to make every effort to complete the privatization of the energy sector.

Subject: Credit, Economic sectors, Energy sector, External debt, Inflation, Money, Prices, Privatization

Keywords: August, CR, Credit, Disinflation target, Energy sector, GDP growth prospect, Global, Inflation, Inflation in September, ISCR, Price, Privatization, Saving-investment balance, September inflation, Staff report

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2003/359
Stock No:

1ROMEA0042003
ISBN:

9781451832822
ISSN:

1934-7685

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