An International Monetary Fund team led by Ian Kes Martin, Head of Mission in Romania, will be in Bucharest from September 25 to October 4, 2023, for the International Monetary Fund’s annual Article IV analysis of the Romanian economy. announced

International Monetary Fund (IMF)Photo: Stefani Reynolds/AFP/Profimedia

Such consultations periodically take place with all IMF member states.

The IMF team will discuss economic policy with the Romanian authorities at meetings with representatives of the Ministry of Finance, the National Bank of Romania and other government institutions, according to a press release signed by Jeff Gottlieb, the IMF’s regional representative for Central and Eastern Europe and South. At the same time, experts of the international financial institution will meet with representatives of the private sector and non-governmental organizations, the cited source notes.

The IMF mission is expected to hold a press conference at the end of the visit.

The consultation is an oversight procedure that is binding on all member states. The purpose of consultations based on Article IV is to study the financial and economic situation at the national level and to formulate some general recommendations on monetary policy, financial and economic policies that should be followed to ensure stability and positive development at the level of the economy. . Based on the preliminary findings of this mission, the team prepares a report, which, after management approval, will be presented to the IMF Executive Committee for discussion and approval