Romanian austerity unlocks $3bn aid

Article reports that the International Monetary Fund and European Union are set to release more than €3bn in crisis assistance to recession-hit Romania, January 2010, after an austerity budget convinced officials that reform plans were on track.

European Commission: MEMO/10/17: Statement by Commissioner Almunia on Romania http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/10/17&format=HTML&aged=0&language=EN&guiLanguage=en

European Commission: MEMO/10/16: Statement after IMF-Commission technical mission to Romania http://europa.eu/rapid/pressReleasesAction.do?reference=MEMO/10/16&format=HTML&aged=0&language=EN&guiLanguage=en

ESO: Background information: Commission, IMF and WB carry out joint review mission to Romania http://www.europeansources.info/record/memo-commission-imf-and-wb-carry-out-joint-review-mission-to-romania/

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