News » September, 2011 » 29 September 2011
IMF Approves EUR480M Disbursement To Romania
29.09.2011, 20:01 | Finance-Banks | 972 views
The International Monetary Fund Thursday completed the second review of Romania’s economic performance under a EUR3.5 billion precautionary loan agreement, enabling the disbursement of a new EUR480 million tranche. "The vote was unanimous," Romania's representative to the IMF, Mihai Tanasescu told Mediafax. In March, Romania and the IMF signed a two-year precautionary loan agreement, successor to a EUR20 billion bailout package received during 2009-2011. The new deal also includes EUR1.4 billion financing from the European Union and a EUR400 loan from the World Bank. Read more on Mediafax.ro
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