Romania ends loan agreement with EC, remains under scrutiny
The third program on the balance of payments agreed by the European Commission with Romania ended on September 30.
Under this program, the Commission granted Romania a precautionary credit line worth EUR 2 billion. Romania’s program with the EC developed in parallel with a stand-by loan agreement with the International Monetary Fund (IMF), which expired on September 26.
The European Commission will start now the post-programme surveillance (PPS) program for Romania. This involves semi-annual visits until May 2018, to assess the country’s economic, fiscal and financial situation.
The EC will also continue cooperating with the Romanian authorities within the fiscal and macroeconomic surveillance framework.
editor@romania-insider.com
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