Friday, December 18, 2009

IMF says Romania loan may be released in February

WASHINGTON, Dec 17 (Reuters) - Romania may be able to tap an International Monetary Fund aid package as early as February, an IMF official said after a mission to Romania.


"Based on progress so far, we are optimistic that the staff can move the review quickly to the IMF executive board for a meeting by mid-February," Jeffrey Franks, the IMF's mission chief to Romania, said in a statement on Thursday.


"Subject to the IMF board's favorable decision, disbursement can follow," he said.

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