The World Bank, IMF and EC will finance Romania in a two year agreement

Newsroom 19/01/2011 | 16:11

The World Bank will grant Romania technical assistance and financing as part of a new agreement that will be signed also with IMF and the European Commission, most probably for a period of two years, according to Peter Harrold, country manager of World Bank for Romania.

He also mentioned that the new agreement with the World Bank will be similar to the current one, but the last part of the loan in the current agreement, worth EUR 400 million, will be included in the new agreement, which will be signed in several months.

The value of the loan that the World Bank will grant has not been established yet.

“Romania is very well financed on the currency side. The IMF finances the currency reserve this is why only a precautionary agreement is needed,” said Harrold.

Otilia Haraga



BR Magazine | Latest Issue

Download PDF or read online: November 2022 Issue | Business Review Magazine

The November 2022 issue of Business Review Magazine is now available in digital format, featuring the main cover story titled “Samsung Remains Top Consumer Tech Provider on Romanian Market.” Read
Newsroom | 29/11/2022 | 10:17

    You will receive a download link for the latest issue of Business Review Magazine in PDF format, based on the completion of the form below.

    I agree with the Privacy policy of
    I agree with the storage and handling of my data by
    Advertisement Advertisement
    Close ×

    We use cookies for keeping our website reliable and secure, personalising content and ads, providing social media features and to analyse how our website is used.

    Accept & continue