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

Romania Open for Business

8 May 13:00

Amid rising economic pressures, including increased interest rates and fears over losing European funds, Romanian Economy Minister Ivan emphasized the need for calm and stability.

Bulgarian Nurses Protest for Better Conditions

7 May 22:30

On International Nurses Day, May 12, the Union of Bulgarian Medical Specialists (UBMS) will stage a protest in front of the Ministry of Health at noon, announced UBMS Chair Maya Ilieva during a round table on Bulgaria’s healthcare issues.

Investor Exodus Over Political Turmoil

6 May 17:00

Investor fears are mounting as Romania faces a deepening currency crisis, driven by political instability, according to economic consultant Adrian Negrescu.

Bulgaria Reports Q1 Budget Deficit

5 May 23:00

Bulgaria’s revenues under the Consolidated Fiscal Programme reached BGN 16.83 billion in the first quarter of 2025, or 18.6% of the annual target, the Finance Ministry reported.

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

Tags

Related articles

Most read

Press Releases

Features