WB Unlikely To Revise Romania 2011 GDP Forecast After Review Mission - financiare.ro
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News » February, 2011 » 3 February 2011

WB Unlikely To Revise Romania 2011 GDP Forecast After Review Mission
03.02.2011, 13:23 | Economy | 939 views

The conclusion of the World Bank’s review mission on Romanian economic and fiscal progress under a EUR20 billion international bailout will not prompt a revision of the country’s growth forecast for 2011, an official of the World Bank said Thursday.

Speaking in a press conference in Bucharest, World Bank's senior economist Sudharshan Canagarajah said the institution will not change its estimation regarding a 1.5% economic growth this year.

In 2009, Romania and the IMF signed a EUR13 billion two-year standby loan agreement, part of a larger EUR20 billion package that includes funds from the EU, the World Bank and other foreign lenders.

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