“The mission will meet with the authorities, as well as with representatives of political parties, unions, business associations, banks, and civil society organizations,” Tonny Lybek, IMF’s Resident Representative in Romania and Bulgaria, said in a statement Thursday.
Head of mission Jeffrey Franks will be joined by Erik De Vrijer, who will become Mission Chief for the next review, the IMF also said.
The IMF visit will take place jointly with teams from the European Commission and the World Bank.
In April 2011, Romania and the IMF signed a two-year precautionary loan agreement, successor to a EUR20 billion bailout package received during 2009-2011. The new deal also includes EUR1.4 billion financing from the European Union and a EUR400 million loan from the World Bank.
So far, the IMF approved total financing to Romania worth around EUR2 billion under the new arrangement, but the authorities in Bucharest have not drawn any funds.