IMF: Romania May Accelerate Economic Growth With Good Reforms, Solid Investments

Romania's economic growth will continue this year and may even accelerate next year, but only through continued and "satisfactory" reforms, improved absorption of EU funds and solid investment plans, IMF mission chief Jeffrey Franks said Saturday.

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Franks met Saturday with Prime Minister Emil Boc for a last discussion before the end of the current IMF, European Commission and World Bank evaluation mission.

The IMF official said Romania's economy is in a much better state than three years ago and is able to not only grow, but grow sustainably, coping with any potential disruption.

The mission is in Romania until August 1 to assess the country's half-year results under a precautionary stand-by loan agreement.

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