The stand-by arrangement with the IMF whereby Romania took outthe record-high 12.9 billion-euro loan two years ago, ends FridayMarch 25, when the board of the financial institution based inWashington will discuss the last quarterly review of thearrangement sealed in 2009.
In fact, Romania decided not to draw the last tranche of the12.9 billion-euro loan, so the overall amount to be repaid to theIMF amounts to 11.9 billion euros plus over one billion euros ininterests.
As the last couple of years' experience shows, both items on theagenda of the IMF board on March 25 will be checked without toomuch trouble, especially since Jeffrey Franks's technical team gavetheir green light a month ago.
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