IMF, Romania Agree on Second Installment of 480 Million Euros

Romania and the International Monetary Fund completed talks after a two-week review to unlock 480 million euros ($691 million) in funds that can be tapped under the country's crisis-prevention agreement.The mission finished reviewing Romania's progress under a 5 billion-euro precautionary deal today and will recommend to the IMF board to make available a second installment. The east European country trimmed its budget deficit to within its target and started selling state assets, IMF ...

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