Monday, November 3, 2008

IMF to visit Romania, no assistance talks planned

BUCHAREST, Nov 1 (Reuters) - The International Monetary Fund and the World Bank will visit Romania between Nov. 3-14 to evaluate its financial system, but no financial assistance for Bucharest will be discussed, the IMF said on Saturday.

Some economists have said Romania may have to seek international help, including from the IMF, to shore up investor sentiment and safeguard its economy from the impact of the global financial crisis.

However, both Bucharest and the IMF have so far said no agreement was in the works. Romania's neighbours Hungary and Ukraine have both sought help from the lender.
"The Romanian authorities requested this follow-up mission long ago, and its actual timing was decided last year," the IMF said in a statement.

"The mission will not discuss or negotiate IMF financial assistance to Romania." (Reporting by Justyna Pawlak; Editing by Chris Pizzey)

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