IMF Press Release: Mission Dates for the Visit of the IMF Mission to Romania

Today, the Resident Representative of the International Monetary Fund (IMF) in Romania and Bulgaria, Guillermo Tolosa (pictured), made the following statement:

“An IMF mission will visit Bucharest from January 21 to February 5, 2014, to conduct discussions on  the combined first and second reviews of the Stand-By Arrangement with Romania, which was approved on September 27, 2013.

The mission will discuss with the Romanian authorities recent  economic developments and priorities for economic reforms.

It will also discuss measures to compensate for the revenue shortfall from postponing the excise duty increase on fuel products by three months, so as to secure the budget’s deficit target of 2.2 percent of GDP.

The IMF mission, headed by Andrea Schaechter, will take place jointly with teams from the European Commission and the World Bank, and in addition to the authorities, will meet with representatives of political parties, trade unions, business associations, banks, and civil society organizations.

Its findings will be disseminated at the end of the mission.”