Jeffrey Franks: Romania gained the confidence of the IMF in 2010 -
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News » December, 2010 » 17 December 2010

Jeffrey Franks: Romania gained the confidence of the IMF in 2010
17.12.2010, 00:00 | Economy | 541 views

Romania succeeded in reversing its image of a "mediocre student", thanks to the fact that the government in Bucharest weathered the motion of no-confidence and the protests against the proposed spending cuts and layoffs demanded by the IMF, the head of the IMF mission for Romania, Jeffrey Franks said in an interview for Bloomberg, quoted by Agerpres.

The board of the IMF is scheduled to meet in the beginning of January 2011 to review Romania"s progress. According to Jeffrey Franks, Romania will probably complete the agreement with the IMF in 2011, the eighth since 1989.


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