The International Monetary Fund (IMF) has postponed payment of Romania's next crisis loan instalment as the country struggles to deal with political turmoil.
A package worth €20 billion (£18 billion) had been agreed to help the country pay for vital services, but the IMF and EU have decided that without a stable government the nation is not in a position to prove it has met the criteria for the next instalment.
Jeffery Franks, who headed a mission to the country, believes the issue of money can be rapidly resolved once a stable government is in place.
The country's last administration collapsed in October and Romania has been in something of a political limbo ahead of the presidential elections due for November 22nd.
Earlier this week, Joaquin Almunia, the European Union monetary affairs commissioner, told Reuters that the uncertain political situation in Romania might mean loan payments could be delayed as it would be unable to prove if it had met the agreed criteria.
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