In September Romania must reimburse EUR 1.17 billion to EU, World Bank

Georgeta Gheorghe 31/08/2017 | 17:00

Romania must reimburse EUR 1.179 billion to European Union and the World Bank in September. The instalments must be paid to reimburse the 2009 stand-by loan, the Ministry of Public Finance (MFP) told Agerpres. 

The largest part of the amount must be reimbursed to the European Union, specifically over EUR 1,177 million and EUR 2,4 million to the WB. The amount to be reimbursed to the EU represents capital ratios of EUR 1.15 billion, the remainder being interest and commissions. The amount to be paid to the World Bank, EUR 2.4 million respectively, represent interest and commissions.

The total amount to be paid to the EU and the World Bank this year stands at EU 1.26 billion. Specifically, EUR 1.15 billion represents capital ratios, and the remaining interest and commissions. More than EUR 1.25 billion are to be reimbursed to the EU and only EUR 9 million will be paid to the World Bank.

In 2016, Romania reimbursed EUR 113 million to the EU and the World Bank. The biggest share of the amount was reimbursed to the European Union, namely EUR 104 million. The World Bank received EUR 9.1 million.

By 2023, Romania must pay over EUR 4.7 billion to the WB and the EU. The EU will receive the biggest share of the amount, namely EUR 3,71 billion.

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