Romania : Fifth 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.

Growth in Romania is likely to moderate in 2012, weighed down by the euro area slowdown. The Fifth Review Under the Stand-By Arrangement highlights that Romania's overall track record under the program continues to be strong. All performance criteria for the fifth program review were met, excep...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2012.
Series:IMF Staff Country Reports; Country Report ; No. 2012/157
Online Access:Full text available on IMF
Description
Summary:Growth in Romania is likely to moderate in 2012, weighed down by the euro area slowdown. The Fifth Review Under the Stand-By Arrangement highlights that Romania's overall track record under the program continues to be strong. All performance criteria for the fifth program review were met, except for accumulation of central government arrears, which was missed by a small margin. The indicative target on local government arrears accumulation was also missed. Progress was made on the large and difficult structural agenda, although more action is needed.
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Physical Description:1 online resource (94 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students