IMF
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IMF Approves First Review Of New Loan Deal With Romania, May Disburse EUR480M
The International Monetary Fund Board on Monday approved the first review of the precautionary up deal with Romania and will make the second tranche available, worth around EUR480 million, p...
Romania Will Miss Budget Gap Target, Because Of Upcoming Elections - Piraeus
Romania's Government will miss this year's budget deficit target of 4.4%, agreed upon with the International Monetary Fund, as there is a high likelihood of "fiscal slippages" before next ye...
IMF Pushes Romania Loan Review Meeting To June 27
The International Monetary Fund has delayed until June 27 a board meeting to review Romania’s progress under a EUR3.5 billion precautionary loan agreement, according to the board agenda.
IMF Board To Review Romania EUR3.5B Loan Agreement June 24
The International Monetary Fund’s Executive Board will convene on June 24 to review Romania’s progress under a EUR3.5 billion precautionary loan agreement, according to the board’s agenda, p...
Private Sector Managers Should Run State-Owned Companies
Replacing managers in the large state-held companies with experienced private sector executives could keep the state from losing money, both Government representatives and officials from the...
Basescu: New IMF Loan Deal Is 100% A Romanian Government Program
President Traian Basescu on Thursday dismissed any claims that the International Monetary Fund would be a "God's whip" above the Romanian Parliament and Government, insisting the local autho...
Senate Adopts Letter Of Intent To IMF, Of September 2010
Romania's Senate on Monday adopted the bill ratifying the letter of intent to the International Monetary Fund, of September 2010, through which Romania drew the final tranche of the loan, wo...
Romania To Cut Over 7,000 Jobs In State-Owned Companies
Romania's government has pledged to cut more than 7000 jobs in state railway companies, energy suppliers and the national postal company, while lowering their running costs through renegotia...
Romania Vows Before IMF To Slash Heating Aid Before September
Romania's government committed in the letter of intent to the International Monetary Fund to eliminate the thermal energy subsidy by the end of August at the latest, and direct such aid only...