The IMF team will discuss the country’s economic policies and evolution with representatives of Romania’s finance ministry, central bank and other governmental agencies, as well as with representatives of the private and non-governmental sectors.
The IMF lowered its economic growth projection for Romania to 2.2% for 2022 from a previous projection of 4.8% made in October 2021, the Fund said in the April 2022 edition of its World Economic Outlook (WEO) report. In 2023, the IMF expects Romania’s economy to expand by 3.4%.
“The war in Ukraine has triggered a costly humanitarian crisis that demands a peaceful resolution. At the same time, economic damage from the conflict will contribute to a significant slowdown in global growth in 2022 and add to inflation. Fuel and food prices have increased rapidly, hitting vulnerable populations in low-income countries hardest,” the IMF also said in its April report.