Romania’s prudent macroeconomic management has enabled a quick recovery from the global financial crisis. Economic activity picked up in 2013 and is forecasted to reach around 2.8% in 2014, driven by the gradual improvement in the domestic demand, led by the private consumption, and by exports, mainly to the EU.
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Romania joined the International Bank for Reconstruction and Development (IBRD) in 1972, the International Finance Corporation (IFC) in 1991, and the Multilateral Investment Guarantee Agency (MIGA) in 1992. Lending was discontinued in the early 1980s and resumed in 1991.