Romania Gets EUR12.95 Billion IMF Loan
Romania became the third EU member to receive a loan from the IMF in recent months (Hungary and Latvia were the first two), bagging a two-year rescue loan of EUR12.95 billion.
The country will receive the first tranche of EUR5 billion sometime this summer, say the IMF. I bet they can't wait for that cheque to arrive.
In total Romania says it needs a EUR20 billion bailout, the balance will come from the EU, World Bank and the European Bank for Reconstruction and Development.
The country will receive the first tranche of EUR5 billion sometime this summer, say the IMF. I bet they can't wait for that cheque to arrive.
In total Romania says it needs a EUR20 billion bailout, the balance will come from the EU, World Bank and the European Bank for Reconstruction and Development.