Stiripesurse.ro
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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 finances.”
Also, the loan program could target the goals included in the NRRP and/or the 2025 – 2031 Medium-term National Budgetary-Structural Plan, the cited source said.
„The loans granted by the IBRD are competitive and more flexible than other alternative financing instruments on the international market, contributing to limiting costs and extending the maturity of the public debt portfolio at an advantageous cost,” the government states.
The Executive has decided that the Finance Ministry shall take the necessary steps to apply for this repayable financial assistance from the IBRD, as well as to complete the other stages in order to contract it.
„Between 2022 – 2024, Romania contracted three development policy loans (DPL) from the International Bank for Reconstruction and Development worth a combined of approximately 1.79 billion euros,” the cited source also said.
