Macroeconomics
Romania To Sign "Discipline Program" With IMF, Says Lagarde
Romania’s next loan deal with the International Monetary Fund will be a precautionary arrangement aiming to consolidate macroeconomic stability and control policies, the fund’s managing dire...
IMF Head Says Romania Should Not Hurry To Join Euro Area
Joining the euro area brings multiple benefits, but a country loses the monetary policy control, so that the adoption process should not be rushed, said Christine Lagarde, the managing direc...
Exports, Domestic Demand, Investments Must All Support Economic Growth, Says Lagarde
Exports, domestic demand and the investments are the three engines that should propel Romania’s economy, as depending on only one growth driver will lead to imbalances hard to stabilize, acc...
Lagarde: No Agreement Between Romania And IMF Would Be A Pity
Romania’s fiscal situation benefitted from the agreement with the International Monetary Fund and it would be a pity if the Eastern European country chose not to continue the partnership to...
IMF Chief: Romania Must Become More Active In Guaranteeing Loans For SMEs
The Romanian government should become more involved in guaranteeing loans for small and medium-sized enterprises and for firms in sectors where risk is not as low as banks would like, Intern...
Lagarde: IMF’s New Deal With Romania To Include State Companies’ Reforms
Romania has made considerable progress in reforming its fiscal system, the healthcare sector and the energy industry, but it still needs some measures to restructure the state companies that...
Basescu To Lagarde: Romania Needs Another IMF Loan Program
President Traian Basescu said Tuesday, during a meeting with Christine Lagarde, the managing director of the International Monetary Fund, that Romania needs a new loan arrangement for two mo...
Foreign Banks Withdrew Deposits Worth EUR1.7B From Romania Over Past Two Years
Non-resident bank deposits in Romania decreased to EUR6.9 billion in May, a record low since 2009, mirroring the reduction of foreign banks’ exposure to the Eastern European country.
Economist Writes Open Letter Asking IMF Not To Approve A New Deal With Romania
Romanian economist Florin Citu wrote an open letter asking the head of the International Monetary Fund not to approve a new loan agreement with Romania, saying the country’s economy would no...