World Bank lends Romania €100mn to repair schools

By bne IntelliNews May 4, 2021

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.

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