Most recent IMF evaluation shows Romania's macroeconomic policies are sound

Romania has sound macroeconomic policies and the country's GDP has returned to the pre-crisis level, states Prime Minister Victor Ponta, citing a set of data from the most recent International Monetary Fund evaluation report. 

"Some of Romania's macroeconomic strengths (as per the most recent IMF evaluation): it has sound macroeconomic policies in place and the GDP has returned to the pre-crisis level. The healthy fiscal policy has reduced vulnerabilities and the baseline scenario of the evaluation team projects sustained growth that is seen reaching about 3 percent in the medium term," said the Prime Minister. 

Citing the same source, Ponta stressed that liquidity reserves are high, nearing 5 percent of GDP.  "The size of the Treasury buffer means that liquidity reserves are high, standing at almost 5 percent of GDP. The current account deficit reduced significantly against the backdrop of Romania's improved competitiveness, and inflation hit a record low of 1.1 percent in 2014. The exchange rate remained mostly stable — the 'leu' is generally in line with medium-term expectations," the Premier noted in a report by Agerpress.  

June 19, 2018 15:32
The draft law on amending the Criminal Procedure Code was passed by the Chambe...more »
May 23, 2018 12:36
President Klaus Iohannis requested the government to clarify the intention reg...more »
April 27, 2018 11:28
The municipal bond issue of 555 million from the Bucharest City will start tradi...more »
February 13, 2018 16:06
Prime Minister of Romania Viorica Dancila welcomed the U.S. Ambassador H.E. Ha...more »
Govnet Next Events