IMF says mission ready to visit Romania whenever local authorities are ready

The International Monetary Fund (IMF) has yet to set a date for a new mission to Bucharest, but is ready to send its representatives to Romania whenever the local authorities will be ready, according to Tony Lybek, the IMF representative in Romania. “Not only the IMF, but the European Commission too hasn’t set a date for the next mission. We will be ready when you will be ready,” said Lybek. He went on saying Romania has delayed the implementation of certain fiscal measures which were agreed upon in August. On the other hand, the budget deficit situation for this year has improved towards the 7.3 percent of GDP target. Romania has signed a stand-by agreement with the IMF for a EUR 12.95 billion package, out of a total financing package of EUR 19.95billion  from the EU, the World Bank and the European Bank for Reconstruction and Development.