An International Monetary Fund (IMF) mission will arrive in Romania on July 17 this year for talks on a new financing agreement. This will come after the IMF managing director Christine Lagarde’s two-day visit in Romania, which will start on July 15. Andrea Schaechter (in picture) will head the next IMF visit to Romania, replacing Erik de Vrijer. Schaechter joined the IMF in 1998 and held several positions within the institution. She holds a PhD in Economics from the Wurzburg Univertisy and a Masters in Economics from Duisburg-Essen University. Her LinkedIn CV here.

“An IMF mission will be in Bucharest between July 17 and July 31 for talks on a new agreement with Romania. The IMF experts will discuss with the Romanian authorities about the recent economic developments and the priorities for economic reforms, “said the IMF representative in Bucharest Guillermo Tolosa, quoted by local news agency Mediafax. He also added that this will be a joint mission of the International Monetary Fund, the European Commission and the World Bank.

This June, Romania passed the seventh and eighth reviews, successfully completing the Standby Arrangement with the International Monetary Fund.

The completed Standby Arrangement was approved on March 25, 2011, and became effective on March 31, 2011. The agreement was due to finish at the end of March this year, but the IMF gave Romania an extra three months to meet outstanding objectives.

Irina Popescu, irina.popescu@romania-insider.com

(photo source: LinkedIn)