The World Bank's board of directors has approved a €100mn loan to be extended to Romania under the Safer, Inclusive and Sustainable Schools Project, aimed at upgrading nearly 100 buildings across 55 schools in Romania to modern standards for safety, resilience, inclusion, sustainability and digital access.
"A child born in Romania today is expected to be only 58% as productive as they could be if they had access to better education and health services," noted Tatiana Proskuryakova, World Bank country manager for Romania.
"Romania has a high proportion of school buildings that fail to meet safety, basic sanitary, and energy efficiency standards," said Alanna Simpson, World Bank lead disaster risk management specialist. Today, more than 1,000 schools around the country are at high risk of severe damage or collapse in an earthquake or do not meet modern fire codes, sanitation, and air quality requirements, the World Bank’s statement reads.
Uzbekistan's central bank on April 25 kept its benchmark interest rate on hold at 14%, pointing to risks that inflation could once more accelerate. Planned hikes of state-regulated prices for ... more
Ukraine's leading private energy company, DTEK, has sounded the alarm, indicating an urgent need for $350mn to recuperate lost capacity resulting from Russia's relentless assaults on thermal power ... more
The International Monetary Fund (IMF) projects real GDP growth of 3.1% this year and 5.6% in 2025 for Kazakhstan in its newly released ... more