IMF has suspended talks with Romania

Delegation of the International Monetary Fund has suspended talks with Romania. They will reload after the normalization of political situation and investing a new government. Also, the IMF and the European Commission announced that Romania will not receive the next tranche of money in December 2009.

IMF chief delegate, Jeffrey Franks said:  “We made excellent program in talks with authorities in the last 10 days. We believe that we can quickly finalize the analysis of economic evolution in so short a time to release the next trance if the political situation will resolve “.

Elena Flores (European Commission): “Once the political incertitude will overcome and there will be an official budget for 2010 will be able to finalize and release of loan tranches”.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s