Finance Ministry Has To Pay Back EUR9.8B As Part Of The Loan Meant To “Stabilize” Romania

07.06.2011 By Razvan Voican

The huge EUR20 billion loan taken out by Romania in 2009 from the International Monetary Fund (IMF), the European Commission and the World Bank – first as a “safety net”, but which soon became a direct source of financing for the budget deficit, will cost the Romanian state nearly EUR10 billion.

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Keywords:
FINANCE MINISTRY
, LOAN
, IMF
, WORLD BANK