Arab Today, arab today international lenders see romanian reforms \on track\
Last Updated : GMT 03:15:12
Arab Today, arab today
Arab Today, arab today

International lenders see Romanian reforms \'on track\'

Arab Today, arab today

Arab Today, arab today International lenders see Romanian reforms \'on track\'

Budapest - DW

Romania\'s economic reforms have made reasonable progress according to the EU, the IMF and the World Bank. Despite the good news, the trio is worried about Romania\'s political climate. The European Union, the International Monetary Fund and the World Bank said on Tuesday that economic reforms in Romania were advancing and remained \"broadly on track.\" Romania made the reforms as part of an agreement with its international lenders in return for bailouts. In a statement marking the end of yet another progress review under a three-year-old bailout scheme, they said Bucharest was going in the right direction despite \"challenging conditions.\" The lenders indicated that the progress toward recovery appeared jeopardized by an ongoing political war between the ruling Social-Liberal union coalition and center-right President Traian Basescu, who was targeted by an impeachment bid six weeks ago. Political turmoil has affected market confidence, it said, and must be settled to continue moving forward. \"Political determination is needed to ensure that overdue structural reforms -necessary to achieve higher and inclusive growth - will be put in place,\" Tuesday\'s statement said. Moderate GDP increase Romania joined the EU in 2007, but has not yet adopted the euro. The country suffered two years of recession in 2009 and 2010 before booking moderate growth in early 2011. Official data released on Tuesday showed Romania\'s economy logged 0.5 percent growth in the second quarter of this year. Lenders said they expected real growth to reach just under 1.0 percent throughout 2012 and 2.5 percent next year. In May 2009, Romania secured a 20-billion-euro ($24.74 billion) rescue package in exchange for drastic spending cuts. Some two year later, the IMF and the European Union gave the green light for a fresh credit line of five billion euros for emergency situations in the struggling southern European nation.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today international lenders see romanian reforms \on track\ Arab Today, arab today international lenders see romanian reforms \on track\

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today international lenders see romanian reforms \on track\ Arab Today, arab today international lenders see romanian reforms \on track\

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday