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An IMF mission arrives in Romania in the end of April for a first evaluation of the precautionary agreement

25. April 2011. | 05:22

Source: Hotnews.ro

An IMF mission will arrive in Romania in Bucharest at the end of the month for the first evaluation mission of the new standby agreement, precautionary signed with Romania, IMF representatives said.

An IMF mission will arrive in Romania in Bucharest at the end of the month for the first evaluation mission of the new standby agreement, precautionary signed with Romania, IMF representatives said.

The precautionary agreement is signed for two years at an approximate value of 3.6 billion euro representing about 300% of the quota Romania has at the IMF but authorities announced that they will withdraw money just in case of emergency.

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