Romanian PM: Romania Does NOT Negotiate With IMF for a New Agreement

Romanian PM, Ludovic Orban, answered one difficult question: Does Romania negotiate with the IMF for a new deal? Early predictions assumed the country would ask for a deal until the end of the year.

According to Orban, though, Romania does not negotiate with the IMF for a new deal. On top of that, Romanian PM mentioned the fact that the rating agencies kept their evaluation regarding Romania’s economy, even if the rating is BBB- with a negative outlook.

There is also another type of agreement with the IMF: up to a limit of 2 billion USD, they offer you a deal without any conditions for you to finance the budgetary deficit, but at present we don’t need not even this sort of agreement.

Romanian PM, Ludovic Orban

Romania was not as hardly hit by the Corona-crisis as the other European countries. Despite the early pessimistic scenarios, it seems Romania will remain one of the few EU countries not to enter a recession during 2020.