World Bank approves second Inclusive and Green Growth Development Policy Loan for Romania

Business 3 July 2023 10:00

The World Bank Group (WBG) Board of Executive Directors on Friday approved the second Inclusive and Green Growth Development Policy Loan (DPL) for Romania in the amount of EUR 591.9 million, the World Bank informs in a press release. CE Report quoting Agerpres

This loan is the second of two financing operations supporting the Government's key structural reforms to enhance inclusion, strengthen fiscal management, and foster decarbonization and climate resilience.

According to the quoted source, this financing supports Romania's National Recovery and Resilience Plan, facilitating increased absorption of European Union (EU) funds. The first development policy financing, for EUR 622.2 million, was approved in June 2022.

Tags

Greece Speeds Up Economic Reforms

21:15

The Greek government has announced an accelerated push for economic reforms, including the rollout of three new European subsidy funds worth €8 billion, a new labor bill, and new regulations for building in small settlements with under 2,000 residents.

Romania Moves to Avert EU Sanctions

3 July 23:00

Romania’s Finance Minister Alexandru Nazare announced a new fiscal package designed to stabilize the country’s budget and avoid EU penalties for excessive deficit.

EU Backs Revised “Greece 2.0” Recovery Plan

2 July 20:17

The European Commission has endorsed Greece’s revised National Recovery and Resilience Plan, “Greece 2.0,” ensuring the country fully utilizes its allocation from the Recovery Fund without any reduction in funding.

Euronext Targets ATHEX Deal

2 July 08:00

Euronext has confirmed it is in talks with the board of Hellenic Exchanges-Athens Stock Exchange (ATHEX) about a possible acquisition of up to 100% of ATHEX shares.

World Bank approves second Inclusive and Green Growth Development Policy Loan for Romania

Tags

Related articles

Most read

Press Releases

Features