Speaking ahead of a meeting with Romanian President Traian Basescu, Erik de Vrijer said the authorities won’t have to make as many efforts to keep the deficit under control in 2013.
“It is a major achievement,” de Vrijer said.
The IMF mission chief said the situation of Romania’s general government arrears is still challenging, but that the executive has already taken steps to reduce their levels.
The IMF estimates Romania’s annual inflation rate will reenter a downward path once the effects of the weaker harvest in 2012 fade away.
“We’ve agreed with the central bank that this is a temporary situation, caused mainly by volatile food prices,” de Vrijer said.
An IMF team arrived in Bucharest November 6 to discuss the country’s progress under a EUR3.6 billion precautionary loan agreement.