World Bank to approve EUR 250 mln loan for Romania’s healthcare system

The World Bank’s board will approve a EUR 250 million loan to Romania on Friday to improve the country’s health care infrastructure, said Elisabetta Capannelli, the lender’s country manager, quoted by Bloomberg.

The money would be used to modernize hospitals, improve health governance and help fight different diseases, such as cancer, according to Capannelli.

WB is working with the Romanian government on a new country partnership strategy for 2014-2017 that may include funding of EUR 1 billion a year, Capannelli said in an interview in Bucharest with Bloomberg. Getting a program to pass thought the Parliament could take up to six months, the official added.

“It’s just the first steps and there are lots of things on the agenda, since there is a significant delay between the quality of healthcare in Romania and the one in the rest of the European Union“, Capanelli commented.

Romania could access another EUR 300 million from the World Bank in 2014 as part of a EUR 1 billion loan approved last year to cover the deficit. Romania used up only EUR 700 million of that particular loan.

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“The money is at Romania’s disposal and we expect it to be spent by the end of the fiscal year or the next”, Capanelli explained.