On 14-20 April, IMF Will Send Official Loan Letter

Tradus de Andrei Năstase
Ziarul BURSA #English Section / 17 aprilie 2009

The Government has received confirmation that the official letter from the IMF regarding the loan agreement with Romania will arrive between 14 and 20 April. The IMF Board and the European Commission will discuss the validation of the foreign loan between 4 and 6 May, Prime Minister Emil Boc told NewsIn yesterday.

The Premier explained: "From our point of view, the Government has fulfilled all obligations derived from the preliminary negotiations with the European Commission and the IMF. On Wednesday, we received confirmation that the official letter from the IMF would arrive on 14-20 April and that the IMF Board and the EC will discuss the validation of the loan on 4-6 May. The first tranche of the money earmarked for the National Bank will be disbursed also in May.

Boc repeated that four conditions had been imposed in order to have a functional loan agreement with the IMF and the EC and all four of them concerned the adoption of specific bills. The first of them - the budget rectification - has been completed already.

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