World Bank will offer technical assistance to public institutions in Romania

The World Bank signed a memorandum of understanding with the Romanian Government for technical assistance to public institutions in order to support the structural reforms and the modernization of the public administration. The head of World Bank for Romania Elisabetta Capannelli and European Funds Minister Aura Raducu signed the memorandum of understanding valid until 2023. The assistance will be financed by the European structural and investment funds.

"This is the second memorandum in this context with the World Bank. The first one was carried out in 2012-2015, when 26 financing agreements were signed for 20 institutions, for a total of approximately 32 million euros, financed from European programmes. The second agreement will also be financed from European programmes, the technical assistance programme for 2015-2020. It was signed in the context of talks between the European Commission and the Romanian Government, for which financing agreements were signed and will be signed with the three international financial institutions [the World Bank, the International Monetary Fund and the European Commission], minister Raducu declared on the occasion cited by Agrepress.

The World Bank estimates that Romania's economic condition is significantly better than five years ago and further assistance will be provided to the Romanian Government for reforms and for the efficient use of available European funds, and for reaching the country's economic growth and living standard goals.