Franks was present at the events organized Saturday and Sunday by the National Bank of Romania (BNR), which celebrates its 130th anniversary. On Friday, the IMF official held talks with Romanian Prime Minister Emil Boc. Ialomitianu replaces former Finance Minister Sebastian Vladescu who was dismissed Friday.
The International Monetary Fund is worried regarding Romania’s government arrears, which also affect the private sector and the country’s economy, Jeffrey Franks has previously said. Arrears in the public sector affect not only the public sector, but the private sector as well, said Franks during a conference organized by the National Bank of Romania, which celebrates its 130th anniversary.