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Romania: First and Second Reviews Under the Stand-By Arrangement and Requests for Waiver of Nonobservance of a Performance Criterion, Modification of Program conditionality, and Rephasing of the Availability Dates of Purchases
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2014: Issue 087
Language:
English
Publication Date:
01 Apr 2014
DOI:
https://doi.org/10.5089/9781475516005.002
ISBN:
9781475516005
ISSN:
1934-7685
Pages:
106
Keywords:
ISCR; CR; SOE arrears; arrears reduction; deficit; program objective; arrears report; insolvency code; inflation development; Executive Board's discussion; Arrears; Budget planning and preparation; Inflation; Global
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This first and second reviews under the Stand-By-Arrangement analyzes Ex Post Evaluation of exceptional access for Romania. Efforts are needed to strengthen monetary policy transmission. The banking system remains well capitalized, but the authorities need to accelerate the resolution of nonperforming loans and closely monitor risks from parent bank deleveraging. The Romanian authorities continue their efforts to reach the goals of a broad structural agenda, with a focus on structural reforms in the energy, transport and healthcare sectors, and continue the reform of the state-owned enterprises.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund