Last Updated January 31, 2011
Government reforms drive World Bank funding.
The World Bank has lent Romania €300mn as part of an ongoing programme to support government reforms.
This latest agreement brings the organisation’s lending to Romania to €600mn as part of a €20bn support package it initiated with the IMF and European Commission in 2009.
The funds will be used to improve fiscal sustainability and boost public finances. Future lending will depend on Romania meeting agreed targets, which include reforming the financial, health and education sectors as well as social assistance programmes for the poor and vulnerable.
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