Financial Times FT.com

Romania closes in on IMF loan

By Thomas Escritt in Budapest

Published: March 20 2009 17:14 | Last updated: March 20 2009 17:14

Romania and the International Monetary Fund could announce a support package of up to €19bn next week, bringing with it the prospect of relief for Romania’s credit-starved enterprises.

As an IMF-led delegation finishes its second week in the country, government officials are expecting to borrow €12bn from the lender and a further €7bn from the European Union, according to local media reports.

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