Basescu has accepted a meeting request sent by Ponta earlier today. Finance Minister Daniel Chitoiu and Budget Minister Liviu Voinea will also join the meeting.
Central bank governor Mugur Isarescu will also be in attendance, the president’s office said in a statement.
Monday evening, Basescu said he would not sign Romania’s memorandum with the IMF because of a new tax on fuel announced by the government. The new tax, part of a fiscal policy package agreed with the IMF, would likely hinder economic growth, Basescu said.
The IMF cannot complete its first review of Romania’s progress under a EUR2 billion loan program until the president ratifies the memorandum, meaning the loan agreement is “de facto suspended”, Ponta told reporters Tuesday.
The IMF’s executive board in September approved a new EUR1.98 billion two-year precautionary credit line for Romania, the third financial package the eastern European country has received in the last four years.
Romania will also receive EUR2 billion from the European Union under the new program, while EUR1 billion remains available under a World Bank policy loan.