IMF approved the release of the sixth installment to Romania

The IMF board approved on Friday the fifth evaluation of the agreement
with Romania which means it will release the sixth installment of over
900 million euro which will be released on Monday to Romania's National
Central Bank, Romanian news agency Mediafax reads. 

Romania's
IMF representative Mihai Tanasescu declared that the IMF considered
that the law on pensions was adopted, which was the main priority for
this period. Tanasescu declared that if the law on pensions will be
declared unconstitutional and wil not be adopted, the Fund will start
talks to Romania. 

Even if the law on pensions is
unpopular, it is necessary. The law sets the grounds for the next five
-six years when the pensions fund will not register a deficit,
Tanasescu explained.
 
Source: hotnews.ro