| Financier | Commitments |
|---|---|
| International Bank for Reconstruction and Development | 650.00 |
Romania Fiscal Management and Green Growth Development Policy Loan
Abstract*
Romania has made considerable economic progress over the past two decades, but it needs more sustainable and inclusive growth. Over the past decades, Romania has achieved impressive economic progress, transitioning to a market-based economic model, and acceding to the European Union (EU) in 2007 and reaching high income status. Real Gross Domestic Product (GDP) per capita in purchasing power parity (ppp) more than doubled from US12,177 dollars in... Show More
Development Objective
The Project Development Objective (PDO) is to support the Government of Romania to: i) strengthen fiscal management, inclusion, and green public investment; and ii) promote private financing for the green transition.
Key Details
Project Details
P181517
Active
Emilija Timmis , Catalin Pauna, Mariano Gonzalez Serrano
Romania
Romania
March 7, 2024
(as of board presentation)
July 25, 2024
December 11, 2024
US$ 0.00 million
Ministry of Finance
2025
US$ 650.00 million
N/A
October 3, 2023
December 31, 2026
BANK APPROVED
Finances
Financing Plan (US$ Millions)
Total Project Financing (US$ Millions)
| Product Line | IBRD/IDA |
|---|---|
| IBRD Commitment | 650.00 |
| IDA Commitment | N/A |
| IBRD + IDA Commitment | 650.00 |
| Lending Instrument | |
|---|---|
| Grant Amount | N/A |
| Total Project Cost** | N/A |
Summary Status of World Bank Financing (US$ Millions) as of March 31, 2025
No data available.
| Period | Financier | Transaction Type | Amount (US$) |
|---|---|---|---|
| Jul 25, 2024 | IBRD-97130 | Loan Commitment | 650,000,000.00 |
Results Framework
No data available.