European Parliament Library

Romania :, Staff Report for the 2010 Article IV Consultation, Fourth Review Under the Stand-By Arrangement, and Requests for Modification and Waiver of Nonobservance of Performance Criteria—Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Discussion; Statement by the Executive Director for Romania

The growth outlook remains weak and uncertain. Romania’s decision to rely primarily on expenditure cuts to close the fiscal gap is ambitious, but entails implementation risks. Progress on fiscal reforms has resumed. In the medium term, fiscal policy should aim at a more permanent reduction in the fiscal deficit. The government’s proactive banking supervision, and regulation has helped maintain the stability of the financial system, but vigilance is essential. Pressing ahead with structural reforms is key for boosting growth and achieving sustainable real convergence
Table Of Contents
Cover; Contents; I. Executive Summary; II. Context: Boom, Bust and Weak Outlook; A. Rapid Growth and Growing Imbalances; B. Recent Crisis and Policy Response; C. Outlook and Risks; III. Short-Term Issues and Program Implementation; A. Performance Under the Program; B. Fiscal Consolidation; C. Price Developments and Monetary Policy; D. Financial Sector Challenges; IV. Medium-Term Perspectives: The Challenge of Achieving Sustainable Growth; A. Medium-Term Fiscal Consolidation; B. Better Infrastructure; C. Competitiveness Issues; D. Structural Reforms
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (155 p.)
Specific Material Designation
Form Of Item

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