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Europe Live Friday 24th May 2013

Romania receives 320 million euros in aid from the IMF

25th June 2012

On 22nd June the IMF announced that it was releasing 320 million additional euros in aid for Romania. This sum is designed to be preventive financial assistance. The Romanian government has now received 2.7 billion euros in aid from the IMF. According to this government it is just a "safety net" and it does not intend to use it for loans. The IMF granted its aid to the country in March 2011 and for a two year period, thereby enabling Romania to borrow up to 3.7 billion euros . The IMF believes that Romania's economic results are good and that growth will recover in the second half of 2012.

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