A roundup of domestic and international news
IMF -
The delegation of IMF officials today presented the conclusions of their annual
assessment of Romania's economy. IMF experts argue that, while Romania's
consumption-based economic growth remains strong, contributing to reducing development
gaps, macroeconomic imbalances have deepened, while the current account and fiscal
deficits have gone up, together with inflation pressure. The head of the IMF
delegation to Romania Jaewoo Lee pointed out that unless policies are changed,
progress in the field of convergence will be affected, with pensioners and poor
people feeling the effects. The IMF official said a more balanced mix of
policies is needed, that should start with fiscal consolidation, strengthening monetary
policy and greater flexibility for the exchange rate, in addition to increased predictability
and improved governance. Right now Romania has no ongoing agreement with the
IMF, although the Fund is every year monitoring the evolution of Romanian
economy. International financial institutions estimate Romania's economy will
report an economic growth below 4% in 2019.
JHA - Romanian Interior Minister Carmen Dan is today chairing the Justice and Home Affairs Council meeting in Luxembourg, held on the sidelines of the Romanian Presidency of the Council of the European Union. In the home affairs section the Council will propose concrete measures to manage migration, including the adoption of regulations for the creation of the Migration and Asylum Fund. Regarding the Schengen accession of Romania and Bulgaria, Minister Dan said there is consensus at the level of the JHA. Also today, Minister Dan is attending the signing of the new Europol- FRONTEX joint action plan, in the presence of Europol executive director Catherine de Bolle, FRONTEX executive director Fabrice Leggeri and EU Commissioners Dimitris Avramopoulos and Julian King.
UN - Foreign Minister Teodor Melescanu is today taking part in the round of election on the sidelines of the UN Security Council, where Romania is running for a non-permanent seat in the 2020-2021 tenure. The UN General Assembly is today electing by secret vote the five new non-permanent members of the Security Council. The Security Council consists of 15 member countries and is the strongest UN body and the only one to sanction warfare actions at global level. It comprises five permanent members with veto rights: the United States, Russia, China, France and Great Britain, and another 10 members elected for two years and who are replaced by countries from the same geographic region upon the expiry of their term in office. Next year another 5 members will be elected, two from Africa, one from the Asia-Pacific region, one from Latin America and the Caribbean and one from Eastern Europe. To earn a seat in the UN Security Council, a country must gather the support of two thirds of General Assembly members, tantamount to 129 of the total 193 votes in the General Assembly.
BREXIT -
Theresa May is today expected to officially resign as leader of the
Conservative Party and as British Prime Minister after her failure to persuade
the Chamber of Commons to vote the Brexit agreement with the European Union,
which led to postponing Brexit until October 31. May will continue to serve as
Prime Minister until her replacement is appointed by the end of July, the
Conservative Party has announced. The official campaign for appointing a new
Prime Minister will start on Monday. A total of 11 Conservative candidates are
vying to become UK's next Prime Minister.
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