“The IMF mission will most likely leave without releasing their usually assessment report,” the people told reporters Thursday. “It’s not yet clear whether the mission will return in July or August.”
An IMF mission arrived in Bucharest on June 2 for the third review of Romania’s loan program. Apart from theusually quarterly reviews, the delegation was supposed to return for a supplementary review in July-August to discuss Romania’s first budget revision of 2014.
People familiar with the talks told Mediafax earlier today that the government and the IMF couldn’t reach an agreement regarding a planned five-percentage point cut in the social security tax rate and that new discussions are required.