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

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

Business

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.

More details at the link

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