“We will continue with the technical discussions, but there will be no negotiations,” Romania’s representative to the IMF, Mihai Tanasescu told Mediafax.
Romania’s government was overthrown following a no-confidence vote in parliament earlier Friday. The motion passed 235 to 9 and President Traian Basescu is expected to designate a new prime minister in the following days.
The now-ousted government came to power in early February, after the former prime minister Emil Boc resigned in the wake of widespread protests against austerity measures.
Boc was replaced by Mihai Razvan Ungureanu, former head of Romania’s foreign intelligence service.
Joint teams from the IMF, the European Commission and the World Bank arrived in Bucharest April 24 to assess the country’s progress under the loan agreement.
In April 2011, Romania and the IMF signed a two-year precautionary loan agreement, successor to a EUR20 billion bailout package received during 2009-2011. The new deal also includes EUR1.4 billion financing from the EU and a EUR400 million loan from the World Bank.