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essure groups and leaders: various human rights and professional associations International organization participation: ACCT, BIS, BSEC, CCC, CE, CEI, EAPC, EBRD, ECE, EU (applicant), FAO, G- 9, G-77, IAEA, IBRD, ICAO, ICFTU, ICRM, IFAD, IFC, IFRCS, ILO, IMF, IMO, Inmarsat, Intelsat, Interpol, IOC, IOM, ISO, ITU, LAIA (observer), MONUC, NAM (guest), NSG, OAS (observer), OPCW, OSCE, PCA, PFP, UN, UNCTAD, UNESCO, UNIDO, UNIKOM, UNMIBH, UNMIK, UPU, WCL, WEU (associate partner), WFTU, WHO, WIPO, WMO, WToO, WTrO, ZC Diplomatic representation in the US: chief of mission: Ambassador Mircea Dan GEOANA chancery: 1607 23rd Street NW, Washington, DC 20008 telephone: (202) 332-4846, 4848, 4851 FAX: (202) 232-4748 consulate(s) general: Los Angeles and New York Diplomatic representation from the US: chief of mission: Ambassador James C. ROSAPEPE embassy: Strada Tudor Arghezi 7-9, Bucharest mailing address: American Embassy Bucharest, Department of State, Washington, DC 20521-5260 (pouch) telephone: (1) 210 01 49, 210 40 42 FAX: (1) 210 03 95 branch office: Cluj-Napoca Flag description: three equal vertical bands of blue (hoist side), yellow, and red; the national coat of arms that used to be centered in the yellow band has been removed; now similar to the flag of Chad, also resembles the flags of Andorra and Moldova @Romania:Economy Economy - overview: After the collapse of the Soviet Bloc in 1989-91, Romania was left with an obsolete industrial base and a pattern of industrial capacity wholly unsuited to its needs. In February 1997, Romania embarked on a comprehensive macroeconomic stabilization and structural reform program, but reform subsequently has been a frustrating stop-and-go process. Restructuring programs include liquidating large energy-intensive industries and major agricultural and financial sector reforms. In 1999 Romania's economy contracted for a third straight year - by an estimated 4.8%. Romania reached an agreement with the IMF in August for a $547 million loan, but release of the second tranche was postponed in October because of unresolved private sector lending requirements and differences over budgetary spending. Bucharest avoided defaulting on mid-year lump-sum debt payments, but had to significantly draw down reserves to do so; reserves rebounded to an estimated $1.5 billion by yearend 1999. The government's priorities include: obtaining renewed IMF lending, tightening fiscal policy, a
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