In November, the international creditors have delayed a seventh review of Romania’s loan program due to parliamentary elections.
Romania and the IMF signed a EUR3.6 billion precautionary loan agreement in April last year, successor to a larger EUR20 billion international bailout package received during 2009-2011.
The agreement is supplemented by a EUR1.4 billion loan from the EU and another EUR1 billion from the World Bank. So far, the authorities in Bucharest have not drawn any funds.
The eastern European country said recently that it plans to secure a new loan from its foreign creditors, but didn’t specify how much it hopes to obtain.