Romania mulls EUR 5-6bn loan under new agreement with IMF.

By bne IntelliNews December 21, 2010
The Romanian authorities consider requesting a EUR 5-6bn loan under the new stand-by agreement with the IMF, while its value might increase to EUR 8bn depending on the countrys financial needs to be assessed in March, Mediafax reported, quoting unofficial sources. The money would be available under a precautionary agreement and would be effectively drawn only if needed, the sources told the media. The country will have to pay a 0.3% fee no matter whether it uses the money. The authorities have not decided on whether to request a loan from the EU, but it remains an option due to the favourable terms.

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