“Romania has decided to draw EUR700 million under a Deferred Drawdown Option Development Policy Loan (DPL DDO) secured from the International Bank for Reconstruction and Development in 2012, with a view to consolidate the macroeconomic frame and achieve the undertaken reforms in the sectors energy, healthcare, public finances and fiscal administration,” Voinea said.
He said the remaining EUR300 million will remain available through Romania’s program with the IBRD, which is due for completion in 2015.