IMF puts 2013 growth at 1.5 percent
February 2013 - From the Print Edition
The International Monetary Fund (IMF) projects Romania′s economic growth at around 1.5 percent in 2013.
"After almost zero growth in 2012, economic growth is estimated at 1.5 percent," said Erik de Vrijer, the IMF mission chief to Romania.
The financial crisis and hostile international environment are to blame for the country′s modest results last year, commented de Vrijer. He added that the greater absorption of EU funds could have helped alleviate the situation.
The measures agreed with the delegation are meant to accelerate the absorption of EU funds, particularly to finance infrastructure projects. The government also agreed to implement a number of measures to improve performance in the energy and transportation sectors, the including privatization of large state-owned companies such as freight rail operator CFR Marfa.
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