The International Monetary Fund approved Friday (March 25) a new standby deal with Romania worth €3.5 billion ($4.9 billion). The 24-month deal, which will take effect on March 31, comes with precautionary support from the European Union of €1.4 billion and a loan from the World Bank of €0.4 billion.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.