Romania sets parameters of new IMF, EU deals.

By bne IntelliNews January 7, 2011
Romania's top politicians and the central bank governor set the parameters of the new precautionary agreement with the IMF and the EU, which will be proposed after the expiry of the current agreement in May, Mediafax reported, quoting a central bank statement. No further details regarding the agreement were revealed. The talks with IMF on the new stand-by agreement are expected after January 20. In separate news, the Fund's Board is expected to discuss today the quarterly review on the ongoing SBA with Romania. President Traian Basescu said in a broadcast speech that the new agreement with the Fund should focus on key issues such as fiscal consolidation, structural reforms and public sector reforms.

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