Romania Gets $1.17B IMF Loan Tranche

The International Monetary Fund (IMF) has approved a $1.17 billion disbursement of an emergency loan to Romania, Bloomberg reports. The move follows the sixth review of the IMF’s stand-by arrangement with the nation.

The approval enables Romania to secure another $1.94 billion from the World Bank and the European Union by the end of March as part of the bailout loan, which ends in May. The government may take a new precautionary loan from the IMF in April.

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