EU, IMF to Resume Romania Crisis Aid

The European Union and International Monetary Fund have announced they will

to Romania. The EU is set to unlock up to 1 billion euros (USD 1.4 billion), while IMF will unfreeze 2.3 billion euros, Agence France-Presse reports. These funds were put on hold in November 2009, following political unrest in the European country.

About the author

  • 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.