“In Bucharest, Ms. Lagarde will deliver a speech on Romania and Eastern Europe, focusing on identifying a new growth paradigm for the region,” the IMF said in a statement.
Lagarde will also visit Lithuania on July 17 and 18.
“During her visit— the first to these two countries since her appointment as Managing Director of the IMF in July 2011—Ms. Lagarde will meet with the countries’ respective authorities and policymakers as well as with representatives of the private sector, civil society, and academia to discuss the current economic outlook and the challenges lying ahead in each country,” the statement reads.
In Vilnius, Lagarde will participate in a panel discussion on the challenges and opportunities of European economic integration, marking the beginning of Lithuania’s Presidency of the European Union, according to the statement.
The IMF’s board last week announced Romania has successfully concluded its second loan program with the international institution, making an additional amount of EUR520.7 million available for disbursement.
Romania and the IMF have signed a two-year EUR3.6 billion loan agreement in 2011, following the completion of a larger EUR13 billion deal secured in 2009. The agreement was supplemented by a EUR1.4 billion loan from the European Union and another EUR1 billion from the World Bank.
The authorities in Bucharest have not drawn any funds under the second international program.