Romania Plans to Curb Foreign Debt Sales to Ease Yield Pressure
- Government to focus on local market, loans in rest of 2024
- Plan to cut debt sales abroad depends on EU funds, Nanu says
Morning traffic in Bucharest, Romania.
Photographer: Andrei Pungovschi/BloombergThis article is for subscribers only.
Romania has completed its international borrowing for this year and plans to reduce sales of foreign debt through 2026, a senior official said.
The Black Sea nation wants to tap the domestic market and rely on loans from multinational institutions to cover the increased borrowing needs in the rest of this year as the government grapples with a wider-than-expected budget deficit, according to Treasury Chief Stefan Nanu.