FinMin Citu rules out agreement with IMF as funding demand covered almost 97pct

 

"I am ruling out the option of an agreement with the International Monetary Fund. I have shown this year that if you have won the trust of the market and investors, you can finance a large deficit without the need for international financial institutions. We have financed the deficit to pay for health, for these state-aid schemes. We have had record investments, so there is no need for an agreement with the IMF. From my point of view, there are no such discussions," Citu told a press conference.

 

According to him, Romania's demand for funds is covered almost 97% for this year.

 

"I have found those documents at the ministry when last September there were talks going on with the Monetary Fund, when, after discussions with the Monetary Fund, a document was drafted by the government that stated very clearly that pensions will not increase by 40%. We do not plan on asking for a loan from the IMF. The demand for funds is covered almost 97% for this year. So, we do not have any funding problems," added Citu.