“The policy mix had a certain consistency, because many times (Romanian institutions) don’t talk between them… and (IMF representatives) went to different places saying that policies weren’t correlated,” Isarescu said during a debate on monetary policy issues.
He said the same discussions are held today, as structural reforms are still delayed.
A team of IMF experts is currently in Bucharest to discuss Romania’s proposed changes to the tax code, which include several tax cuts, but several other economic reforms.
Romania has a two-year stand-by arrangement with the IMF, the third consecutive deal signed since the debut of the global financial crisis. The two-year loan expires in September, and it is possible that Romania won’t fulfill all its promises under the deal.