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Franks, IMF: The big disappointment is the economy has not returned to growth
18.01.2011, 23:42 | Finance-Banks | 648 views
The IMF's big disappointment after two years of arrangement with Romania is that the economy has yet to return to growth, says Jeffrey Franks, the head of the mission negotiating and managing the Fund's relationship with Bucharest. "The absence of economic growth is the big disappointment now that we are nearing the end of this arrangement. It is very true that the pace of reforms could have been much faster, but even so, very significant adjustments have been made, the right policies have been implemented and there has been a return to the path of fiscal discipline," Franks told ZF yesterday. Read more on ZF.ro
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