Romania: First Development Policy Loan

WASHINGTON, July 16, 2009 - The World Bank’s Board of Executive Directors today approved the following project:

Romania: First Development Policy Loan

IBRD Loan: US$423 million

Terms: Maturity =14 years; Grace Period = 13.5 years

Project ID: P102018

Project Description: The First Development Policy Loan to Romania – Public Financial Management, Social Protection and Financial Sector Strengthening Program aims to support the implementation of the government's program to strengthen public expenditure management, to cushion the impact of the crisis on the poor and vulnerable, and to minimize risks of a domestic financial sector crisis by addressing current and potential vulnerabilities.

Media Contact

Michael Jones

(202) 473-2588

mjones2@worldbank.org 

For more project information, please visit: www.worldbank.org.ro