The Cabinet approved a memorandum Saturday, saying it agrees, in principle, to assign this money to the EIB’s capital increase.
The EIB’s board decided the bank needs to raise its share capital by March 31, 2013, said Government spokesman Andrei Zaharescu.
Mihai Tanasescu, Romania’s former representative to the International Monetary Fund, was appointed vice-president of the EIB starting August 1.