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Romania To Urge IMF, EC To Double State Guarantee Cap

Romania will urge the International Monetary Fund (IMF) and the European Commission (EC) to double the state guarantee ceiling, currently set at EUR1.4 billion, in order to extend the mechanism in agriculture and at the level of local administration, Prime Minister Emil Boc said Saturday. Boc pointed out the government wants to offer state guarantees both for the agricultural sector and for the co-financing of projects unfolded by local authorities, therefore Romania will urge the IMF and ...

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