EC to send more money during summer, after promised reforms

The European Commission representatives in the recent loan agreement review mission have pointed to the needed measures Romania will need to take to receive the next loan installments. The next installment from the EC will probably be sent out during the summer, if Romania concludes the agreed reforms by the end of June, said Fabienne Ilkovitz, the head of the EC delegation who came to Romania to review the loan agreement. However, due to European procedures, the money could also be sent out in September. Read what the IMF has said at the end of this review mission here, as well as the World Bank statement here.