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

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Release Date: © June, 2009
ISBN : 978-1-45183-291-4
Stock #: 1ROMEA2009001
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Romania’s GDP growth averaged more than 6½ 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.


Capital markets , Economic policy , Financial institutions and markets , Fiscal policy , IMF governance and operations , Monetary policy , Operations , Use of Fund Resources

More publications in this series: IMF Staff Country Reports