He said the terms of the new agreement will be made public in a joint conference July 31.
IMF’s chief Christine Lagarde said during a visit to Bucharest earlier July that the institution’s new financial program with Romania would target macroeconomic stability and structural reform, focusing on policy “discipline.”
Joint teams from the IMF, the European Commission and the World Bank arrived in Bucharest on July 17 for talks on a follow up agreement with Romania.
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.