IMF Likely to Release Romania Bailout Loan

The International Monetary Fund is likely to unfreeze a USD30 billion bailout loan for Romania, after the country met the institution's conditions for continuing payments of the loan,

reports. The loan was frozen in November following political turmoil in Romania.

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.