WB to join IMF, EU in new loan agreement with Romania.

By bne IntelliNews January 19, 2011
The World Bank (WB) will provide Romania with technical assistance and financing under the new loan agreement, which the country will sign with the IMF and the EC, Mediafax reported, quoting WB country director Peter Harrold. The new agreement should focus on reforms in social security, healthcare and tax management, and making the state-owned companies more efficient, Harold added. The last disbursement, worth EUR 400mn, under the current arrangement will be postponed and included in the next agreement, Harrold stated without elaborating on the total value of the new agreement. The current loan agreement is for EUR 20bn and was signed with the three IFIs in May 2009 for a two-year period.

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