IMF mission expected in Bucharest for annual economic review

A mission of the International Monetary Fund (IMF), headed by the new chief for Romania, Reza Baqir, will pay a visit to Romania, March 2 - 15, 2016, for an annual review of the Romanian economy, shows a statement of the IMF Resident Representative in Romania and Bulgaria Guillermo Tolosa. 

"The IMF mission headed by Reza Baqir will be in Bucharest, March 2 - 15, to conduct an annual review of the Romanian economy, under Article IV consultations," the statement says. 

The IMF mission will meet representatives of Romanian authorities, political parties, trade unions, business associations, academic environment and banking system. 

The regular consultations provided for by Article IV of the IMS' Articles of Agreement are a surveillance exercise mandatory for all member states. During an Article IV consultation, an IMF team of economists visits a country to assess economic and financial developments and discuss the country's economic and financial policies with government and central bank officials. 

There is currently no undergoing arrangement between Romania and the IMF. AGERPRES