International Monetary Fund

Central bank: Climate change agenda has high stake for Romania's economy, financial system

The climate change agenda has a high stake for the Romanian economy and financial system, both in terms of opportunities and costs, should the green transition be delayed, the governor of the National Bank of Romania (BNR), Mugur Isarescu, said on Tuesday at the press conference for the presentation of the Report of the National Committee for Macroprudential Supervision (CNSM).

IMF expects strong recovery of Romanian economy in 2021, with GDP recovery of 7 pct

The experts of the International Monetary Fund estimate a strong economic recovery in Romania in 2021, with an advance of the real Gross Domestic Product of 7 percent, specifying, however, that some unexpected negative changes in the evolution of the pandemic might put this forecast at risk, show the conclusions published following the assessment mission of the Romanian economy.

IMF commends Slovenia’s response to Covid, says consolidation must follow

Washington – The International Monetary Fund (IMF) has commended Slovenia’s “swift, substantial, and well-coordinated policy responses” to the pandemic following consultations with the authorities earlier in May, as it stressed that once the recovery is entrenched, the focus should shift toward consolidation.

European Bank for Reconstruction and Development appointed a new director

Today, the Minister of Finance in the Government of the Republic of Serbia, Sinia Mali, met with the new Director of the European Bank for Reconstruction and Development (EBRD) for the Western Balkans, Matteo Colangeli, as well as with the former Director of that international financial institution, Zsuzsanna Hargitai.

FinMin Nazare: IMF projections confirm gov't starting from correct budgetary premises, on right track

The projections published on Tuesday by the International Monetary Fund confirms that the Romanian government has started from correct budgetary premises and that Romania is on the right track, but caution is still needed, especially regarding government outlays, according to Finance Minister Alexandru Nazare.

Forecasts: Corruption and Lack of Serious Reforms Will Keep Bulgaria Outside the Euro Area at least until 2026

Several weeks before the parliamentary elections, leading institutes and international organizations presented their forecasts for Bulgaria in 2021 and the next few years, containing - at best - very low expectations for any serious reforms and the fight against corruption.