IMF to give green light to next bailout tranche

The IMF’s executive board is set to complete the fourth review of Romania’s Stand-By Arrangement (SBA).

According to Tonny Lybek, the IMF’s regional representative in Romania and Bulgaria, subject to the board’s completion of this review the fifth tranche of about EUR 900 million will become available to the National Bank of Romania after two working days.

“The Romanian authorities have shown strong commitment to their economic program – which is supported by the SBA – by quickly identifying compensatory measures after the ruling of the Constitutional Court,” said Lybek.

Last year, Romania signed with the IMF a EUR 13 billion agreement, part of a larger EUR 20 billion aid package that includes funds from the European Union, the World Bank and other international lenders.

Dana Ciuraru

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