The Actions of the IMF in Dealing with Macroeconomic Imbalances

Countries that are in difficulties often need loans from the IMF to support adjustment and reform. On the one hand, it should be clear that the IMF loans can be granted on a temporary basis. For example, Romania is a country which has, through the progress in stabilization and reform, to gain access to private capital markets, in terms of getting better. On the other hand, the conditions laid down in the framework of the IMF loan agreements are needed to ensure proper use of the money. In Romania, there are opinions critical of the IMF principles establishing "conditions". Experience shows that economic reforms work best when countries are totally committed to themselves and to strengthen their sense of ownership of the countries on the political programs, the search for solutions to adapt to circumstances specific programmers under each country.