
CLEAN : Romania, IMF credit deal on track after fu
Interactive Video
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Other
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10th Grade - University
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Practice Problem
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Hard
Wayground Content
FREE Resource
The video discusses an agreement at the staff level with the IMF, which is pending approval by the IMF management and Executive Board. The program is on track, and the Ministry of Finance plans to cover a 0.1% GDP gap by freezing or deferring spending. The government will assess revenue performance by mid-year, potentially avoiding further cuts. Romania's GDP growth in 2013 was 2.8%, the strongest since the crisis, outpacing most EU countries. GDP growth for 2014 is projected at 2.2%, with non-agricultural sectors expected to play a larger role.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What is the significance of the agreement reached at the staff level?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
What role will sectors other than agriculture play in the Romanian economy this year?
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OFF
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