The meeting will take place at presidential Cotroceni Palace, at 16:00 local time.

Romanian Prime Minister Victor Ponta said Wednesday Romania will finish paying its debt to the International Monetary Fund this year and doesn’t need any more loans from international financial institutions.

Ponta said during the weekly Cabinet meeting the country doesn’t need any more loans from the IMF and EU but a new accord with international financial institutions would be good, considering “these are troubled times for the region and for Europe”.

He added the government and political leaders will discuss the possibility of a new agreement.

Romania’s current agreement with the IMF expires at the end of September.

Early September, Ponta stated he will have talks with political leaders regarding the economic situation of Romania and decide whether the country should close a new agreement with European Commission, the International Monetary Fund and World Bank.