Joint World Bank/International Monetary Fund Mission To Assess Romania's Fin System

Publish date: 03-11-2008
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A joint mission of the World Bank and of the International Monetary Fund, or IMF, will be on a visit to Romania between November 3 and November 14 to assess the country's financial system, a statement of the International Monetary Fund read.

The statement refers to this visit as the second to Romania, after the mission which evaluated the financial system in 2003.

The period for the second visit was established last year, after Romania asked for the mission long time ago.

"The mission will not discuss or negotiate any financial aid to support Romania, and the results will be made public together with the conclusions of the consultations on Article IV of 2009," the statement read.

The stand-by agreement between the International Monetary Fund and Romania ceased on formal level on July 7, 2006, and the country continues to cooperate with the fund via collaborations with experts of the institution.

The last visit made by International Monetary Fund experts to Romania took place between September 26 and October 2. Its goal was to have consultations with the Romanian authorities in Bucharest.


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