IMF sees Romania economy rising 5.1 percent next year

The International Monetary Fund (IMF) estimates Romania’s economy will increase by 5.1 percent in 2011, the biggest increase in the European Union, compared with a modest growth of 0.8 percent envisaged for this year. The IMF and Romanian authorities will discuss the new figures at the fund’s new review mission on the country’s EUR13 billion loan agreement scheduled for April 27-May 7. The agreement, signed early 2009, is part of a financial package that includes funds from the EU, the World Bank and other international lenders. Up until now, Romania has received some EUR 11.5 billion from the total aid package.