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The World Bank approved a 300 million euro loan for Romania

de A.C.
Vineri, 17 iulie 2009, 11:37 English | Business

The World Bank approved on Thursday a 300 million euro loan for Romania (the equivalent of 423 million dollars) from the one billion euro loan offered to Romania to support the country diminish the economic crisis, Mediafax informs.

World Bank office in Romania, Benoit Blarel declared that the loan will support the implementation of the governmental anti crisis measures. The loan is meant to consolidate the regulatory and consolidation process to sustain on the long term the financial sector, Blarel declared.

At his turn, the chief of the team coordinating the program, Swati Ghosh declared that the structural reform is very important to aid the economy resist to the crisis shocks. Blarel declared that the World Bank loan will be directed to three areas to reform the public sector, the financial sector and the social protection sector.

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