ROMANIA: IMF Demands It Must Pay Old Debts...To Get $1.1 Billion Tranche.

BLOOMBERG/ Andra Timu and Irina Savu/    The government of PM Emil Boc (pictured) must prove to the IMF that it has paid $567 million usd to private health-care companies before late September to receive 900 million euros ($1.1 billion usd) of a 20 billion-euro bailout from the IMF, European Commission and other international lenders. Romania is the EU's second poorest country. The IMF lender has “been very concerned with the arrears problem because it’s a vicious circle when the government doesn’t pay its bills,” said an official.