Lybek: IMF expects Romania to observe commitments regardless of government

Publish date: 14-10-2009
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IMF expects Romania to fulfill the commitments assumed through the foreign funding agreement regardless of who makes up the Executive, the IMF representative Tonny Lybek stressed, the online edition of the daily Romania Libera reports.

"We have a programme with Romania, not with a certain government. We expect the state to fulfill its commitments regardless of the membership of the Executive," said the regional IMF representative for Romania and Bulgaria, asked if he estimates that there are bigger risks for Romania to fail the targets assumed in the IMF agreement for the end of this year further to the fall of the government.

Moreover, since the exchange rate has risen to RON 4.3/Euro, immediately after the announcement regarding the fall of Boc 2 Government, but soon it returned to RON 4.29/Euro, the dealers say that the Central Bank has intervened indirectly on the market through the sale of Euro, in order to prevent a more abrupt depreciation of the RON.

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