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ANDRONICEANU Armenia and OHANYAN Gurgen FAMP
IMF POLICIES AND THEIR EFFECTS ON EDUCATION IN ROMANIA CCASP

on education. Hence, before applying to another precautionary loan from the IMF, Romanian government
should be advised about adverse social effects of those conditional loans.

At the same time we would like to underline the limitations that we have faced during the research is the
PROCEEDINGS OF THE 11 TH ADMINISTRATION AND PUBLIC MANAGEMENT INTERNATIONAL CONFERENCE
problem of endogeneity of programs and lack of data for more empirical studies. Thus, the study should
be revised upon the data availability.

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