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Romania: Third Review Under the Stand-By Arrangement—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Romania

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  • International Monetary Fund

Abstract

This paper discusses key findings of the Third Review of Romania’s economic performance under a program supported by a 24-month Stand-By Arrangement (SBA). The authorities are on track to achieve their 2011–12 deficit targets, but stepped-up efforts are needed on key structural reforms. Inflation has dropped sharply, reflecting food prices deflation and the removal of the VAT base effect. All end-September quantitative performance criteria and indicative targets were met, and inflation returned to the inner band of the inflation consultation mechanism.

Suggested Citation

  • International Monetary Fund, 2012. "Romania: Third Review Under the Stand-By Arrangement—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Romania," IMF Staff Country Reports 2012/011, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2012/011
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=25668
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    Cited by:

    1. De Rosa, Donato & Iootty, Mariana & Pirlea, Florina & Aprahamian, Arabela & Stanescu, Alexandru, 2013. "Product market policies in Romania : a comparison with EU partners," Policy Research Working Paper Series 6698, The World Bank.

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