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Minister of Finance: The new agreement with the IMF, spoke in January, approved in February

IMF assessment will return to Bucharest in mid-January, when the agreement will last analysis is ongoing and will negotiate the terms of the new agreement, which will most likely be approved in February, said the Finance Minister Florin Georgescu .

"The current agreement concluded in January and probably in February we will have a new agreement with the IMF, European Commission and World Bank. This new agreement will ensure accountability of all stakeholders," said Georgescu in Bucharest Forum, organized by the Aspen Institute Romania .

Subsequently, the Finance Minister said that the IMF mission will return to Bucharest on or around January 15, when it is clear that the budget is finalized next year, regardless of who will form the new government.

Florin Georgescu explained that depending on the outcome of the mission in January will go to Washington and the parameters of the new agreement, which would be approved in the IMF board in the second half of February.

The agreement with the IMF last spring was to be completed in March 2013 and the closing of anticipated suggests that the next deal will be taken by the Romanian majority unfulfilled conditions, mainly on structural reforms, especially privatization program and input private management.

A team of IMF experts led by Fund mission chief in Romania, Erik of Vrijer, was in Bucharest on November 6 to 14 for talks with the Romanian authorities on recent economic developments, economic outlook, fiscal and monetary policies and structural reforms.

President Traian Basescu said on Thursday at the start of the meeting with the delegation of the IMF, European Commission and World Bank, as discussed with Prime Minister Victor Ponta and BNR governor Mugur Isarescu and decided to sign a new agreement with the IMF for "another year or two" .

Amid parliamentary elections will take place on December 9, the seventh review of the program agreed with the IMF stand-by agreement was delayed.

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