Romania repaid EUR 77.1 million to EU and World Bank this year

Georgeta Gheorghe 19/07/2017 | 13:03

Romania paid EUR 77.1 million to the European Union and the World Bank since the beginning of the year. Romania is repaying the stand-by loan contracted in 2009, the entire amount representing interest and commissions, according to data submitted by the Ministry of Public Finance (MFP) to Agerpres.

The largest amount has to be repaid to the European Union, respectively EUR 72.8 million and the rest to the World Bank. Overall, Romania must pay EUR 1.26 billion to the European Union and the World Bank in 2017. Out of this amount, EUR 1.15 billion represents capital installments and the rest represents interest and commissions. More than EUR 1.25 billion are to be reimbursed to the EU and only EUR 9 million to the World Bank.

In 2016, Romania paid EUR 113 million to the EU and the World Bank. The biggest share of the amount was repaid to the EU, respectively EUR 104 million, while the World Bank received EUR 9.1 million.

In 2015, the Romanian state repaid over EUR 1.83 billion to the International Monetary Fund (IMF) and the World Bank. Moreover, in 2015 Romania repaid its loan to the IMF. Overall, Romania repaid to the IMF over EUR 2.49 billion.

Romania paid to the EU, in 2015, over EUR 1,651 billion, with EUR 1.5 billion representing capital installments and the rest representing interest and commissions. The World Bank received EUR 9.5 million in interest and commission. Between 2009 and 2016, the total amount reimbursed to the three institutions exceeded EUR 4.9 billion.

Romania still has to pay more than EUR 4.7 billion by 2023 to the World Bank and the EU. The largest amount will go to the EU, namely EUR 3.71 billion.

The MFP chart shows that 2015 was the top payday loan, or EUR 1.8 billion, but there are still three big payments scheduled for 2017, 2018 and 2019. In 2017, Romania has to pay over EUR 1.2 billion, in 2018 – EUR 1.4 billion and in 2019 – 1 billion.

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