Ponta didn’t say how much Romania wants to borrow from the IMF.
IMF’s chief Christine Lagarde will visit Bucharest on July 15-16, where she is expected to deliver a speech on Romania and eastern Europe, “focusing on identifying a new growth paradigm for the region,” the IMF said in a statement Tuesday.
The IMF’s board last week announced the European country has successfully concluded its second loan program with the international institution, making an additional amount of EUR520.7 million available for disbursement.
Romania and the IMF have signed a two-year EUR3.6 billion loan agreement in 2011, following the completion of a larger EUR13 billion deal secured in 2009. The agreement was supplemented by a EUR1.4 billion loan from the European Union and another EUR1 billion from the World Bank. The country has not drawn any funds under the second program.
According to people familiar with the matter, the European Commission might not contribute to a potential follow up deal.