Romania : Request for Stand-By Arrangement; Staff Report; Staff Supplements; and Press Release on the Executive Board Discussion.

Romania's GDP growth averaged more than 6 1\2 percent per year from 2003 to 2008, as foreign direct investment and capital inflows helped finance high consumption and investment growth. The staff report for Romania's request for a Stand-By Arrangement is also elaborated. Robust export grow...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2009.
Series:IMF Staff Country Reports; Country Report ; No. 2009/183
Online Access:Full text available on IMF
Description
Summary:Romania's GDP growth averaged more than 6 1\2 percent per year from 2003 to 2008, as foreign direct investment and capital inflows helped finance high consumption and investment growth. The staff report for Romania's request for a Stand-By Arrangement is also elaborated. Robust export growth to EU countries reflected the process of increasing economic integration with western European economies. The rapid increase in borrowing that fueled the boom left Romania highly exposed to global financial difficulties and to exchange rate volatility.
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Physical Description:1 online resource (85 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students