IMF carries virtual annual review in Romania

A team of the International Monetary Fund (IMF), led by the head of the IMF mission for Romania, Jan Kees Martijn, will virtually visit Bucharest, between May 10 and 28, for the annual analysis of the Romanian economy, known as the Article IV Consultation, Economica.net reported.

Currently, Romania does not have an ongoing financing agreement with the International Monetary Fund. Rumors about an imminent support program were circulated during the electoral campaign by the opposition Social Democrat Party (PSD), but former prime minister Ludovic Orban and finance minister Florin Citu (who followed him at the head of the Government) firmly rejected such allegations, according to Romania-Insider.com.

The fiscal deficit remains Romania’s main macroeconomic challenge, with the public gap nearing 10% of GDP last year.

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