Statement by IMF Resident Representative on The Board Date for the Fourth Review |
Autor: Bancherul.ro
2010-06-29 17:44 |
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Today, the IMF’s Regional Resident Representative in Romania and Bulgaria, Tonny Lybek, made the following statement:
“The IMF’s Executive Board is scheduled to meet on Friday July 2, 2010 to conduct the fourth review of Romania’s Stand-By Arrangement (SBA). Subject to the Board’s completion of this review, the fifth tranche (SDR768 million, or about €900 million) will become available to the National Bank of Romania after two working days.
“The Romanian authorities have shown strong commitment to their economic program—which is supported by the SBA—by quickly identifying compensatory measures after the ruling of the Constitutional Court.”
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