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Romania: IMF Praises Country's Economic Performance

Bucharest, 18 October 2002 (RFE/RL) -- The International Monetary Fund (IMF) praised Romania today for the country's recent financial and economic policies, which have cut inflation and increased exports. The IMF's representative for Romania, Neven Mates, said in Bucharest that he was pleased to note increases in industrial production as well as investment. He said inflation had fallen faster than the IMF had forecast. But he cautioned that rapid wage growth could pose a problem in the future.

The assessment came at the end of a 10-day IMF mission to evaluate the country's latest economic progress.