The memoranda were signed with Wilhelm Molterer, European Investment Bank vice-president, and Francois Rantrua, World Bank country manager for Romania.
The institutions will provide assistance in the European Union’s 2007-2013 and 2014-2020 programming periods. The two documents set the general framework of future agreements between the banks and Romanian authorities in charge of the management and implementation of structural and cohesion funds.
Through these memoranda, Romania does not take up financial commitments in addition to those already undertaken through ongoing operational programs, namely providing 15-20% as a national contribution to technical assistance implemented through structural and cohesion funds. A memorandum similar to those signed on January 26 is being negotiated with the European Bank for Reconstruction and Development.