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The Balance of Payments Programme for Romania. First Review - Autumn 2011

European Commission

The Balance of Payments Programme for Romania. First Review - Autumn 2011pdf(884 kB) Choose translations of the previous link 

This report by European Commission services assesses compliance, under the First Review, with the terms and conditions of the 2011-2013 Balance of Payments Programme.

The 2011-2013 Balance of Payments (BoP) assistance is a follow up precautionary programme to the 2009-2011 BoP programme. It was requested by the Romanian authorities in February 2011 to support the re-launch of the economic growth with a focus on structural reforms.

This report assesses compliance with the terms and conditions of the BoP Programme and summarises the findings of the joint EC/IMF mission. Updated programme documents are appended to it.

The joint EC/IMF mission concluded that the programme remains on track. After two years of negative growth, real GDP is expected to grow in 2011 by around 1½-2% above previous projections while a slight acceleration towards 1¾-2¼% is expected for 2012.

(European Economy. Occasional Papers. 90. December 2011. Brussels. Paper and internet. 80pp. )

KC-AH-11-090-EN-N (online)
ISBN 978-92-79-22560-4 (online)
doi:10.2765/18568 (online)

JEL classification: E44, E52, E61, E62, E66, F16, F31, F32, F34, H1, H2, H3, H5, H6, H7, H8, I1, J0

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