Romania: Request for a Stand-By Arrangement

October 4, 2013

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Format: Chicago

Romania: Request for a Stand-By Arrangement, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

This paper discusses Romania’s Request for a Stand-By Arrangement (SBA). Since the 2008 global financial crisis, Romania has made significant progress in reducing macroeconomic imbalances and rebuilding fiscal and financial buffers. However, Romania remains vulnerable to external shocks, in particular uncertainties in the euro area as well as global volatility in capital flows to emerging markets. The new SBA would provide a valuable policy anchor and support Romania’s comprehensive economic program for 2013–2015 to maintain sound macroeconomic policies and financial sector stability and continue structural reforms to enhance growth prospects. The IMF staff supports the authorities’ request for a new SBA.

Subject: Banking, Credit, Debt service, External debt, Fiscal policy, Fiscal stance, Money, Public debt

Keywords: Balance sheet repair, CR, Credit, Debt, Debt service, Fiscal stance, Freight railway company, Fund, Global, Government, Government ordinance, Growth-enhancing reform, ISCR, Reform agenda, Romania

Publication Details

Pages:

112
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/307
Stock No:

1ROUEA2013002
ISBN:

9781475518344
ISSN:

1934-7685

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