Romania will receive the next IMF installment, worth 900 million euro after the government imposes the measures agreed on, IMF chief of mission in Romania Jeffrey Franks declared on Monday morning.
The IMF urged the government to reduce its budgetary deficit and Bucharest authorities announced measures to reduce salaries and pensions. President Basescu said that these decisions were necessary to avoid contracting another loan next year.
IMF representatives, their main declarations:
Jeffrey Franks, IMF chief of mission in Romania our experts established with the Romanian government the best measures to avoid economic difficultiesIMF board will meet and discuss the agreement, and will release the next installment, worth 900 million euro for RomaniaMarch economic performances were good We expect an economic increase by the end of the year. In 2011, Romania could reach a 3.6% economic increasethe impact of the crisis was worse than expected in Romaniawithout the measures, the budgetary deficit would have reached 9.11% in 2010 we agreed on several structural reforms who would lead to permanent fiscal economiesthese measures will pull Romania out of the crisis we trust that Romania is on its best way to adjust its deficits. Measures need to be strong, and this is what the government decidedWe urge you to decrease spending and impose structural reformsThe IMF agreement is going well, the government complied with all our requestsWe revised Romania's economic increase estimates
We witnessed problems on the way taxes are collected
If taxes in Romania are collected efficiently, there is no need to increase them the banking system remains strong and stable
Fabienne Ilkovitz, European Commission delegation chief there is a positive result regarding economic measures already implemented in Romaniawe witnessed progress in terms o
