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Romania: First Review under the Stand-By Arrangement and Request for Modification of Performance Criteria—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Romania.
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2011: Issue 158
Language:
English
Publication Date:
29 Jun 2011
DOI:
https://doi.org/10.5089/9781455276530.002
ISBN:
9781455276530
ISSN:
1934-7685
Pages:
80
Keywords:
ISCR; CR; consumer sentiment indicator; precautionary Stand-By Arrangement; government ordinance; government; disbursement of SDR; executive board's discussion; securitizing SOE arrears; Arrears; Inflation; Fiscal stance; Europe; Western Europe; Global
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Romania’s economy has stabilized and growth is now resuming. The financial program’s objectives include structural reforms in the energy and transport sectors, and restructuring and privatization of state-owned enterprises (SOEs). The macroeconomic outlook is expected to improve in 2011–12 with a gradual pickup in growth, a stable current account, and inflationary pressures that are still high but will begin to recede after mid-2011. The authorities are also focusing on reducing the arrears of the rest of the public sector.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund