New Finance Minister: Romania doesn’t need new agreement with the IMF

Romania doesn’t need a new agreement with the International Monetary Fund (IMF), said the designated Finance Minister Anca Paliu, after she received the approval of the Parliament’s budget and finance committee. IMF offers technical assistance and financial support to states with a difficult economic situation, which is not Romania’s case anymore, Paliu said, reports local Profit.ro. Starting 2009, Romania has signed three agreements with the International Monetary Fund and the European Commission. The last one, which was signed in September 2013, amounted to EUR 2 billion. The agreement finished in September 2015 without an IMF report, as it went off track in mid-2014 when the Government and the IMF representatives couldn’t reach an agreement on fiscal relaxation measures. In October, the former Finance Minister Eugen Teodorovici said that Romania would ask the IMF for a new precautionary loan agreement. editor@romania-insider.com