Jeffrey Franks, IMF:

In the last 2 weeks, IMF/EC/WB delegations discussed a new multilateral program for Romania

The new program, once approved by the IMF board will offer 3.6 billion euro assistance from the IMF for 2 years

At the level of experts, we agreed a new economic program and made a final evaluation for the current program

We expect to request the approval of the IMF board regarding the new evaluation and the new program

Authorities decided not the access the available resources from the last installment and have a precautionary type of agreement for the next one

Istvan Szekely, European Commission Romania had major accomplishments with the help of this problem: it managed to pull itself from the dangerous area and consolidated public finances. Deficit will be below 3% in 2012 and structural measures were already taken

The most important accomplishment was to strengthen fiscal regulations and maintain a financial stability in times of crisis

It is time for Romania to focus on structural reforms to be able to obtain its growth potential

The reform program for the next years will focus on improving conditions for businessmen, on infrastructure and EU fund absorption

In the energy sector, the priority is to liberalize the market for non-residential users In the transports sector, the objective is to reform the railway system overall In the labour sector, the objective is to create a flexible labour market so that salaries can reflect productivity

Catalin Pauna, World Bank

In the last 2 years the World Bank has been working with the IMF and EC to sustain Romania. Our main target of our support was structural reforms in the public sector; protecting those with few possibilities and increase efficiency of the social programs and stre