Staff teams from the World Bank, European Commission, and the International Monetary Fund visited Bucharest from April 24 until May 9 to review Romania's economic program. During the visit, the teams met with various government officials, and maintained the dialogue with members of the new government after the political transition. The staff teams concluded that the program remains broadly on track. All end-March 2012 quantitative performance criteria in the Stand-By Arrangement with the IMF were observed except the one on central government arrears, which was missed by a small margin. We are encouraged by the new government's strong assurance to observe Romania's commitments to its international partners.
Read the entire Statement by the WB, EC, and the IMF on the Review of Romania's Economic Program.
Read the statement by François Rantrua, World Bank Country Manager, as prepared for delivery at the IFIs joint press conference, May 9, 2012.
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