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Romania: Balance-of-Payments Assistance Programme 2013-2015

European Commission

Romania: Balance-of-Payments Assistance Programme 2013-2015pdf(2 MB) Choose translations of the previous link 

Summary for non-specialistspdf(34 kB) Choose translations of the previous link  

Following Romania’s request on 4 July 2013 for a third balance-of-payments programme, and the Commission’s preliminary assessment, the EU’s Economic and Financial Committee agreed on the opening of negotiations in its meeting on 9 July 2013. The ensuing staff mission (17-31 July) reviewed the macro framework, agreed on the mid-year budget adjustment, and negotiated the conditions for, and the modalities of a new programme.

Agreement was reached on a 2-year programme providing precautionary support of up to 4 billion euros (equally split between the EU and the IMF). The Economic and Financial Committee (EFC) agreed on the content and modalities of a new programme on 3 October and the EU's Council of Ministers approved the decisions underlying a programme on 22 October.

(European Economy. Occasional Papers. 165. November 2013. Brussels. PDF. 132pp. Tab. Graph. Ann. Bibliogr. Free.)

KC-AH-13-165-EN-N (online)
ISBN 978-92-79-31391-2 (online)
doi:10.2765/28824 (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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