The Role of IMF in Overcoming the Actual Economic Crisis

Abstract:     
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: F34

working papers series