IMF Role in the Context of the Romanian Financial Law

Today, as we know, credit takes the form of a loan of money to be returned in a future period established in the loan agreement, which is a document under private signature. Credit operation is also considered to be the operation we take into possession resource using as payment a sum of money called interest. Lending operation necessarily refers at two parts; one part receives money while the other borrows money. Lending can occur in various forms, among individuals in the form of simple personal agreements, but also using the form of lease transactions involving complex credit contracts. Parties involved, tools used by parties, the guarantee used for credit, the terms of restitution and interest, are often very different. Financial credit as an institution is essential for good working of economy, but also means taking a risk by providing money from banks or financial institution. For this reason, the bank must acting as a financial analyst or "loan officer" in order to ensure its future. Financial resources must be directed towards the most efficient investments. With each loan, banks face a number of risks: default risk, illiquidity risk, interest rate change market risk, capital risk etc.