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BNR's Isarescu: IMF technical mission gives Romania positive evaluation


The agreement between Romania and the International Monetary Fund (IMF) is a 'standby' agreement and the IMF technical mission gave Romania a positive evaluation, Governor of the National Bank of Romania (BNR), Mugur Isarescu said on Monday.

A team of IMF experts paid a visit to Romania at end-July, to discuss with the representatives of the Public Finance Ministry (MFP) about the first budget revision for 2014.

On July 31, the Government approved the draft ordinances on the rectification of the 2014 state budget and state social insurance one.

On Thursday, Prime Minister Victor Ponta said that this first budget rectification in 2014 is positive and that the Ministry of Environment, which was to lose 25 million lei, will receive 50 million lei in commitment loans for works targeting flood fighting.