A new International Monetary Fund (IMF) mission will review Romania's economic performances and reforms between January 25 and February 8, the seventh review mission within the stand-by agreement. The delegation will be led by Jeffrey Franks (in picture, right) and will be joined by the European Commission and World Bank teams.

The review mission will then forward its conclusions to the IMF board to decide on the disbursement of the eight IMF loan tranche, of around EUR 1 billion.

The stand-by agreement with the IMF was approved in May 2009 in the amount of EUR 13.46 billion.  Romania currently plans to access an extra cautionary loan from the IMF, of around EUR 3.6 billion.

editor@romania-insider.com

(Photo: Left to right: Tony Lybek of IMF Romania and Bulgaria, Jeffrey Franks, head of the IMF mission to Romania)