European Parliament Library

Romania :, Fifth Review Under the Stand-By Arrangement: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Romania

Growth in Romania is likely to moderate in 2012, weighed down by the euro area slowdown. The Fifth Review Under the Stand-By Arrangement highlights that Romania’s overall track record under the program continues to be strong. All performance criteria for the fifth program review were met, except for accumulation of central government arrears, which was missed by a small margin. The indicative target on local government arrears accumulation was also missed. Progress was made on the large and difficult structural agenda, although more action is needed
Table Of Contents
Cover; Contents; I. Introduction and Summary; II. Macroeconomic Developments and Outlook; A. Recent Developments; B. Macroeconomic Outlook and Risks; Boxes; 1. Pass-Through from Oil Price Shocks to Romanian CPI; III. Policy Developments; A. Fiscal Policy; B. Structural Reforms; C. Financial Sector Policies; D. Monetary and Exchange Rate Policies; 2. Medium-Term External Sustainability; IV. Program Modalities and Other Issues; V. Staff Appraisal; 3. The Stand-By Arrangement; Figures; 1. Real Sector, 2007-12; 2. External Sector, 2007-11; 3. Labor Sector, 2007-11; 4. Monetary Sector, 2005-12
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (96 p.)
Specific Material Designation
Form Of Item

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