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World Bank representatives postponed their evaluation visit to Romania until the formation of a new Government

de Alina Neagu, transl/adapt. C.B.
Luni, 19 octombrie 2009, 20:23 English | Top News

The World Bank announced on Monday their decision to postpone their evaluation mission to Romania until a new Government is formed, World Bank officials told AFP. This comes several days after the IMF took a similar decision.

The International Monetary Fund (IMF) announced last Thursday it postpones the evaluation visit to Bucharest until the political situation is clarified and until a new Government is formed, after the Boc Cabinet was dismissed last Tuesday.

The IMF, World Bank and the EU approved a 20 billion euros loan for Romania in the beginning of the year. One billion euros from this loan comes from the World Bank. 300 million euros are already in Romania, but the rest of the money is to be allocated following evaluation visits.

The Romanian PM designated by the President, Lucian Croitoru, announced that no. 1 for his mandate is to respect the engagement Romania took on signing the agreement with the international financial institutions.

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