European Parliament Library

Romania :, Request for Stand-By Arrangement: Staff Report; Staff Supplements; and Press Release on the Executive Board Discussion

Abstract
Romania’s GDP growth averaged more than 6½ percent per year from 2003 to 2008, as foreign direct investment and capital inflows helped finance high consumption and investment growth. The staff report for Romania’s request for a Stand-By Arrangement is also elaborated. Robust export growth to EU countries reflected the process of increasing economic integration with western European economies. The rapid increase in borrowing that fueled the boom left Romania highly exposed to global financial difficulties and to exchange rate volatility
Table Of Contents
Cover; Contents; I. Background and Recent Economic Challenges; II. The SBA-Supported Program; A. Overall Program Objectives; B. Macroeconomic Framework; C. Fiscal Policy Stance and Fiscal Framework; D. Financial Sector and Financial Markets; E. Monetary and Exchange Rate Policy; III. Program Modalities; A. Access; B. Capacity to Repay the Fund and Risks to the Program; C. Program Monitoring and Conditionality; IV. Staff Appraisal; Tables; 1. Selected Economic and Social Indicators, 2005-11; 2. Balance of Payments, 2005-11; 3. Gross Financing Requirements, 2009-11
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (86 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781451886825

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