Romania : Request for a Stand-By Arrangement

Journal Issue

Volume/Issue:: 2013/307
Series:: IMF Staff Country Reports
Author(s):: International Monetary Fund. European Dept.
Publisher:: INTERNATIONAL MONETARY FUND
Published Date:: October 2013
DOI:: http://dx.doi.org/10.5089/9781475518344.002
ISBN:: 9781475518344
ISSN:: 1934-7685
Page:: 112

This paper discusses Romania's Request for a Stand-By Arrangement (SBA). Since the 2008 global financial crisis, Romania has made significant progress in reducing macroeconomic imbalances and rebuilding fiscal and financial buffers. However, Romania remains vulnerable to external shocks, in particular uncertainties in the euro area as well as global volatility in capital flows to emerging markets. The new SBA would provide a valuable policy anchor and support Romania's comprehensive economic program for 2013-2015 to maintain sound macroeconomic policies and financial sector stability and continue structural reforms to enhance growth prospects. The IMF staff supports the authorities' request for a new SBA.

Romania - Request for a Stand-By Arrangement

Article

Romania: Request for a Stand-by Arrangement

Author(s):: International Monetary Fund. European Dept.
Published Date:: October 2013

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Romania : Request for a Stand-By Arrangement

Romania: Request for a Stand-by Arrangement

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