IMF delegation arrives in Bucharest on Wednesday

Bucharest. A delegation of the International Monetary Fund (IMF) will arrive Wednesday in Bucharest. The delegation will stay in the country till March 25, Romanian media report.

The major issue to be tabled for discussion is an IMF program for Romania, part of a financing package, with the participation of the European Union and the World Bank.

Romanian Deputy Prime Minister Dan Nica announced the news about the delegation’s visit and said that its major goal envisages making an evaluation of the economic situation in the country.

Meanwhile, Romania started a discussion on the need of a loan from the IMF and the possible terms and conditions for its taking. On March 9, Romanian President Traian Basescu said in parliament that the country does not need an external loan to secure the budget or state payments, but the current account gap and the private sector debt could cause some problems that will be hard to cope with.

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