installment

The European Commission Thursday disbursed a fourth installment worth EUR1.2 billion to Romania, part of a larger EUR5 billion loan negotiated two years ago, the EU said in a statement.

Romania’s decision not to draw the last installment from its EUR13 billion loan with the International Monetary Fund was made of the government’s own accord and it sends a positive signal to investors worldwide, an official of the International Monetary Fund said Tuesday.

Romanians will have the option of repaying a loan in installments of equal or of decreasing value, with the latter chose reducing the total cost of the loan, but limiting the borrowed amount.