EU, IMF to Hold Romania Loans Until Country Has New Government

The European Union and the International Monetary Fund have announced they will "delay the disbursement" of the next tranches of Romania's USD30 billion bailout package until the country gains a new government, the

reports.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.