Franks: A new agreement with the IMF will include new reform conditions -
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News » December, 2010 » 17 December 2010

Franks: A new agreement with the IMF will include new reform conditions
17.12.2010, 00:02 | Economy | 542 views

A new accord with the International Monetary Fund (IMF) is set to include conditions for new structural reforms related to workforce, infrastructure and investment, stated the IMF's mission chief to Romania, Jeffrey Franks, adding Romania is no longer viewed as a "mediocre student".

Romanian authorities have voiced their interest in sealing a precautionary agreement with the Fund after the current bailout loan is completed in April. In the case of a precautionary agreement, the state can tap funds if unexpected problems come up.


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