Romania : first review under the stand-by arrangement, request for waiver of nonobservance of performance criterion, and request for modification and establishment of performance criteria : statement by the IMF staff representative, and press release on the Executive Board discussion /

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Bibliographic Details
Imprint:	Washington, D.C. : International Monetary Fund, ©2009.
Description:	1 online resource (55, 2, 2 pages) : illustrations
Language:	English
Series:	IMF country report ; no. 09/301 IMF country report ; no. 09/301.
Subject:	International Monetary Fund -- Romania. International Monetary Fund. Fiscal policy -- Romania. Monetary policy -- Romania. Foreign exchange rates -- Romania. Debts, Public -- Romania. Debts, External -- Romania. Debts, External. Debts, Public. Economic history. Economic policy. Fiscal policy. Foreign exchange rates. Monetary policy. Romania -- Economic conditions -- 1989- Romania -- Economic policy. Romania.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12499908

Hidden Bibliographic Details
Varying Form of Title:	Romania, first review under the stand-by arrangement
Other authors / contributors:	International Monetary Fund. European Department.
ISBN:	9781451832921 1451832923
Notes:	"October 2009." Print version record.
Summary:	The contraction in Romania's domestic demand has set off a sharp correction in external imbalances and helped ease pressures on inflation. Real GDP contracted by 7.6 percent in the first half of 2009, compared with 2 percent projected under the program, on account of a sharp drop in domestic demand, especially consumption. This posed a particular challenge for public finances, where weakening revenues required sharp temporary cuts in spending to meet what turned out to be structurally tight targets. Monetary and exchange rate policies will remain anchored on targeting inflation over the medium term.
Other form:	Print version: Romania. Washington, D.C. : International Monetary Fund, ©2009

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