Gov't approves in principle agreement on contracting IBRD development policy loan

Business

The government approved on Thursday, by memorandum, an agreement in principle regarding the possibility of contracting an IBRD loan or a series of development policy loans. According to a government release, the loan is estimated at around 650 million euros and will be used to "finance the budget deficit and refinance the government's public debt, as well as to support the implementation of fiscal reform measures, thus contributing to strengthening the sustainability of Romania's public

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