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World Bank Commends Romania’s Progress Of Reforms, Prepares Another Visit

The World Bank team to Romania commended the country’s significant progress in achieving the agreed reform agenda part of the second Development Policy Loans (DPL) program and committed to return to Bucharest as progress continues, the institution said Wednesday.
World Bank Commends Romania’s Progress Of Reforms, Prepares Another Visit
27 ian. 2010, 13:06, English

„The World Bank experts focused on the status of reforms of the public sector, including the implementation of the unitary pay and the pension laws as well as reforms in health, education, social assistance, and in the financial sector,” the international lender said in a statement.

Romania secured last year a EUR20 billion package that includes funds from the International Monetary Fund, the European Commission, the World Bank and other international lenders.

Representatives of the IMF, the European Commission and the World Bank arrived last week in Bucharest to review Romania’s progress under the financial arrangement.

The World Bank’s DPL program under the arrangement amounts to EUR1 billion and focuses on public financial management, the social sectors, and the financial sector.

The first DPL totaling EUR300 million was disbursed to Romania on October 20, 2009.