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Romania: 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Romania

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  • International Monetary Fund

Abstract

This paper discusses recent economic developments, outlook, and risks related to the Romanian economy. Romania made important progress in addressing economic imbalances and restoring growth after the global financial crisis. Prudent policies, partly in the context of successive IMF-supported programs, reduced vulnerabilities, and the fiscal and current account deficits improved markedly. However, economic policies have weakened recently and hard-won gains are at risk of being reversed. Governance problems have received more attention recently, and Romania has made progress compared to its peers in the fight against corruption. Staff’s baseline projection is for growth to remain above potential in 2016–17.

Suggested Citation

  • International Monetary Fund, 2016. "Romania: 2016 Article IV Consultation-Press Release; Staff Report; Informational Annex; and Statement by the Executive Director for Romania," IMF Staff Country Reports 2016/113, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2016/113
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=43889
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    Cited by:

    1. Bak Barnaba Chol & Elizabeth Kalunda Nthambi & Joseph N. Kamau, 2019. "Influence of bank stability on the financial performance of commercial banks in South Sudan," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 8(5), pages 251-257, September.
    2. Bak Barnaba Chol & Elizabeth Kalunda Nthambi & Joseph N Kamau, 2019. "Ownership structure, bank stability and the financial performance of commercial banks in South Sudan," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 8(6), pages 31-39, October.

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