Jeffrey Franks: Romania, a former mediocre student, won the trust of the IMF in 2010 -
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News » December, 2010 » 16 December 2010

Jeffrey Franks: Romania, a former mediocre student, won the trust of the IMF in 2010
16.12.2010, 18:12 | Economy | 499 views

Romania changed its image from a mediocre student and won the trust of the IMF in 2010 after the government in Bucharest managed to survive the motions and protests to respect the IMF requests on spending and personnel cuts, IMF chief of mission to Romania Jeffrey Franks declraed in an interview for Bloomberg.

According to Franks, Romania will most probably finish in April 2011 the current agreement with the IMF of 13 billion euro to be able to sign a new, preventive agreement.


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