Romania May Get EUR4B From EC Out Of EUR19B Financial Package - Sources

Romania might get EUR4 billion from the European Commission’s bailout fund, as part of the EUR19 billion financial package discussed with the E.U. and the International Monetary Fund, government sources told MEDIAFAX on Friday.

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The amount could come from EU fund for balance of payments support to members outside the euro-zone, the sources said.

The IMF will put in EUR13 billion, or 12 billion Special Drawing Rights (SDR). The European Investment Bank and the World Bank will supply each EUR1 billion, the sources added.

But they said the negotiations are not finalized, and the final figures might be different.

Romania will decide in the upcoming period whether or not to take the external loan from the IMF and the E.U., President Traian Basescu said Friday.

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