Romania: Staff Report for the 2006 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 168

Publication date: May 2006

ISBN: 9781451832853

$20.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Labor , Money and Monetary Policy , Public Finance , ISCR , CR , government , policy , deficit , rate , widening current account deficit , macroeconomic objective , headline policy interest rate , policy mix , envisaged policy mix , Exchange rates , Wage adjustments , Credit , Global

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Peru

Grenada

Nepal

Republic of Congo : 2001 Article IV

Summary

This 2006 Article IV Consultation highlights that macroeconomic results for Romania were not as strong in 2005 compared with 2004 on account of both internal and external factors. Growth slowed to 4.1 percent in 2005, with agricultural output falling as a result of floods, and industrial output growth slowing owing in part to the abolition of global textile quotas. Mixed progress has been made on structural reforms. Large-scale privatization has been successful, the liberalization of the electricity and gas markets has continued, and the national reference price for heating has increased.