World Bank extends USD 650 mln growth development policy loan to Romania

The World Bank's (WB) Board of Executive Directors approved on Monday, March 31, a Development Policy Loan (DPL) worth USD 650 million, designed to support the Romanian government's efforts to strengthen fiscal sustainability, boost the development of the private sector, and foster job creation, according to a release of the international financial institution.

According to the WB, the loan, equivalent to EUR 544 million, will create new opportunities for citizens and companies, from more accessible finance for small businesses to cleaner, more competitive industries and energy efficiency.