65819663 The IMF and the EU agreed to provide Romania's five billion euros
The European Union and the International Monetary Fund (IMF) has promised to open Romania's new line of credit amounting to five billion euros. On Sunday reported Agence France-Presse. As told Romanian President Traian Basescu, a stabilization loan will be granted for two years in case of unforeseen circumstances. If the Romanian government the need arises, 3.6 billion will provide IMF and the EU will allocate 1.4 billion, says the agency Reuters. According to Basescu, Romania's economy has stabilized, and to exit from the crisis have taken all necessary measures. "Conditions for a return to economic growth generates," – Romanian President stressed. Recall that in March 2009, Romania agreed to the IMF, EU and World Bank for a loan worth 20 billion euros. This agreement expires in April 2011. As reported in November 2010, funding of Romania had been suspended in connection with the political crisis in the country, but in January 2011, assistance thawed. In February, the IMF will send 2.3 billion euros, Romania and the EU – one billion euros. The Romanian economy has been hit hard by the global economic crisis. As of January 2010, the country ranked second among EU countries by the number of people living on the brink of poverty. IMF mission to study the situation in Romania, was there from January 25, 2011.
