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The Romanian's loan agreement with IMF and EC

Author

Listed:
  • Mihai, Ilie

    (Universitatea Spiru Haret, Facultatea de Finante si Banci)

Abstract

As it is very known, in the 2009 spring, Romania took the decision to take a loan, an important amount, from the international financial bodies, in order to support the currency and the local economy, overall. Further negotiations, which began unwieldy, rising controversies even between political parties which constitute the governance coalition (PDL and PSD), Romania is almost ready to sign the loan agreement, at the end of May current year, waiting that the first trenches to be available for being drawn.

Suggested Citation

  • Mihai, Ilie, 2009. "The Romanian's loan agreement with IMF and EC," Papers 2009/1, Osterreichish-Rumanischer Akademischer Verein.
    • Handle: RePEc:ris:sphedp:2009_001
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    More about this item

    Keywords

    loan agreement; IMF / International Monetary Fund; Romanian external debt; Exchange rate; Wages; Loans in foreign currency.;
    All these keywords.

    JEL classification:

    • E52 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Monetary Policy
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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