IMF, EC and World Bank return for second review of new agreement with Romania

A joint team formed of the International Monetary Fund (IMF), European Commission (EC) and the World Bank, will come in Bucharest on Wednesday for the second evaluation of the country's new stand-by agreement. The representatives of the international institutions will analyze how reforms were achieved in the first half of this year. The joint team will end its mission in Romania on August 1. The representatives of the internationalinstitutions will meet Government members, National Bank of Romania's officials, bankers, representatives of political parties, trade unions, and business and civil society. The International Monetary Fund Board approved in June the first review of the precautionary deal with Romania and will make the second tranche available, worth around EUR 480 million. In March, Romania and the IMF signed a EUR 5 billion loan agreement, successor to a larger EUR 20 billion bailout package that ended in April this year. Irina Popescu, irina.popescu@romania-insider.com