Jeffrey Franks IMF: we have an ambitions agenda for Romania

IMF has an ambitious agenda of reforms and programs for this year in Romania, whose implementation will prepare the economy to relaunch after it will exit the crisis, IMF delegation chief Jeffrey Franks declared at Vienna, quoted by the Romanian news agency Mediafax.

He expressed his optimism regarding the new year and said that there is room for important progress. He showed that the agreement with Romania was never in danger but delays were caused simply because of the local political turmoil.

He believes that 2010 will be a better one, with a significant growth and Romania could represent a success story. An IMF mission, together with representatives from the World Bank and EC are currently in Bucharest for a second and third revision of the stand by agreement. Romania is due to receive another installment, of 2.4 billion euro.