The International Monetary Fund has approved a standby loan for Romania of nearly two billion euros to match a backup loan of the same size requested from the European Union.
AAP reports the IMF loan is a two-year standby arrangement for 1.98 billion euros, to give the government space to continue reforms.
Romania has progressed under economic programmes supported by two previous IMF standby loans, the IMF said, cutting its fiscal deficit and shortfalls in external accounts, and launching other structural reforms.
However, the agency said there is still more to be done in the transportation and energy sectors.
''The reform agenda remains unfinished," said IMF first deputy managing director Nemat Shafik, who urged the continuation of a gradual deregulation of energy prices.
