IMF Mission in Romania
Bucharest | 28 October 2009 | Marian Chiriac
"During this visit, the IMF mission will evaluate the country's recent economic performance and will discuss with authorities the economic objectives for the coming year, along with the policy measures and structural reforms needed to reach those objectives," said the Fund's Romania mission chief, Jeffrey Franks.
The visit comes after President Traian Basescu said Monday that Romania will not be able to honour all the requirements of its bailout loan agreements.
Romania is mired in both a deep recession and political infighting and is dependent on the IMF loan to pay government workers' salaries. The economy is predicted to shrink by 8 per cent this year.
The IMF loan is part of a multilateral package which will total up to 20 billion euros and is conditioned on the implementation of a comprehensive economic reform programme.




Radovan Karadzic, Sarajevo is not your city, and you have no right to say that it is, just as you do not have the right to say in public, even if it’s in court, that someone has dug up bones around Bosnia and brought them to Srebrenica to make a fake graveyard. This is insulting.











