The Role of IMF in Overcoming the Actual Economic Crisis
Alexandru Ioan Cuza University - Faculty of Economics and Business Administration
July 12, 2010
In order to overcome the economic crisis, Romania concluded in 2009 a stand-by agreement on 24 months with International Monetary Fund (IMF) in amount of 12.95 billion euros as part of an international financial package that includes other 5 billion by the facility of European Union for balance of payment support, one billion euros by the program Development Policy Loan (DPL) of World Bank and one billion from other banking institutions. This article aims to develop an analysis of how were fulfilled the commitments assumed and in what measure this agreement contribute to economic recovery.
Number of Pages in PDF File: 12
Keywords: IMF, economic crisis, Romania, economic recovery, stand-by agreement
JEL Classification: F34working papers series
Date posted: September 21, 2010
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