Romania will receive its last instalment of the EU loan, in the amount of EUR 1.35 bln, ‘probably at the end of March or in early April,’ Mugur Isarescu said. He mentioned that, so far, the Ministry of Finance had drawn EUR 3.65 bln from the EU and EUR 2.4 bln from the IMF.

The governor confirmed what was said by President Traian Basescu Sunday night, that is that the terms and conditions of a new agreement with the IMF and European Commission had been agreed upon.

The agreement will be concluded for a period of two years, with EUR 3.6 bln from the IMF and EUR 1.4 bln from the EC. As the president said, the new agreement will be a precautionary arrangement, with no actual financing.

‘The money from the IMF can only be drawn in a serious situation such as an attack on the currency triggered by a regional crisis and leading to massive loss of reserve and trust,’ Isarescu said.