The program involves a tripling of International Monetary Fund (IMF) financial resources (to $750 billion), the allocation of special drawing rights ($250 bln), supplementary financing from development banks worth at least $100 bln, and support worth $250 bln for international trade.
“The G20 decision to increase contributions to IMF will not impact Romania’s economy except in the broader context, in conditions in which measures adopted will speed up the economic relaunch, from which we will all benefit. In any case, this is one of the good measures adopted during this meeting, which adds nothing spectacular and whose conclusions served to save appearances and covered up the open conflicts which appeared between leading representatives in connection with certain problems,” said economist Daniel Daianu for Business Standard.
Another economist, Theodor Stolojan, believes that the supplementing of contributions will increase investor confidence, and faith in the capital market.
