Romania starts to repay EUR 13 bln IMF loan

The National Bank of Romania paid back on Monday the first installment amounting to EUR 670 million of the EUR 12.95 billion taken out from the IMF in 2009.

The country will have to repay around EUR 1.8 billion this year, which represents DST 1.4 billion. This is the currency set up by the IMF.

Romania took out in 2009 a EUR 20 billion loan from the IMF, European Commission, World Bank and EBRD to consolidate the foreign currency reserves of the central bank and to temporarily finance the budget deficit.

The EUR 5 billion loan from the European Commission will be repaid starting 2015. Payments on the EUR 1 billion World Bank loan will be reimbursed in 2022.

Ovidiu Posirca

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