IMF disburses $3.3 billion to Romania

The IMF announced it would give Romania $3.32 billion as part of a big loan to help the country recover from its deep recession. The IMF, the World Bank and the EU drafted a $27.2 billion aid package last May. The latest tranche, which will be disbursed “immediately”, will bring the total amount received by Bucharest so far to $12.6 billion, the IMF said in a statement from its headquarters in Washington. The decision to allocate the money followed a review of Romania’s economic performance under the programme.