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Romania: Ex Post Evaluation of Exceptional Access Under the 2011 Stand-By Arrangement

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  • International Monetary Fund

Abstract

This 2004 Article IV Consultation on Romania highlights commendable progress under its home-grown IMF-supported program. Economic activity is picking up after a four-year slump, inflation remains low, the financial sector is stable, and the fiscal and external positions are improving. The 2014 budget aims to protect the gains under the program, continue the downward debt-to-GDP trajectory, and advance the reform agenda. Debt has fallen considerably owing to completion of a large part of the debt-land swap, but remains high. The authorities have taken welcome steps to strengthen the nonbank financial institutions supervisory framework.

Suggested Citation

  • International Monetary Fund, 2014. "Romania: Ex Post Evaluation of Exceptional Access Under the 2011 Stand-By Arrangement," IMF Staff Country Reports 2014/088, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2014/088
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=41443
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    Cited by:

    1. Cristian, IONESCU, 2014. "The Role Of The Economic And Institutional Framework In Ensuring Financial Stability In Romania, During 2012-2014," Management Strategies Journal, Constantin Brancoveanu University, vol. 26(4), pages 230-242.

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