The 12-year loan has an option of postponed drawing and it is a precautionary financing. The loan is added to the state Treasury, but the ministry has no intention yet to use this amount as the foreign currency reserves are at the level agreed with international institutions.
The loan is granted on a 12-year period, 11.5-year of which represent the grace period. The reimbursement will be made in one installment, February 1, 2024.
Using this loan depends on Romania meeting reform measures in the sectors of public finance, fiscal administration, energy and health.