IMF, EU to resume crisis aid to Romania
(BUCHAREST) - The International Monetary Fund and European Union announced on Wednesday they will resume crisis aid to Romania, two weeks after the crisis-hit country passed an austerity budget.
"We are pleased to announce we have successfully completed discussions on review of (our) joint support programme," IMF mission chief Jeffrey Franks told reporters in Bucharest.
"We will present to the executive board in February a document allowing to proceed with next disbursements which will combine second and third tranches,"
The IMF will unblock 2.3 billion euros in February while the EU will unlock one billion euros (1.4 billion dollars).
The IMF, EU and World Bank put on hold any new aid to Romania in November amid a political crisis that paralysed the country.
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