“The IMF mission will take place jointly with teams from the European Commission and the World Bank, and in addition to the authorities, will meet with representatives of political parties, trade unions, business associations, banks, and civil society organizations,” said Guillermo Tolosa, IMF resident representative in Romania and Bulgaria.
The IMF mission will be headed by Andrea Schaechter, who is replacing Erik de Vrijer as mission chief for Romania.
The mission will take place shortly after a visit from IMF’s chief Christine Lagarde, who will be in Bucharest on July 15-16. Lagarde is expected to deliver a speech on Romania and eastern Europe, “focusing on identifying a new growth paradigm for the region,” IMF said in a recent statement.
The IMF’s board last month 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 country has not drawn any funds under the second program.