Cristian Nacu, Senior Country Officer for Romania and the Republic of Moldova, International Finance Corporation – World Bank Group says that several municipalities have addressed the fund for the development of public-private partnerships, but a major impediment is represented by the limited borrowing capacity of localities. In this context, he says that there is a need for “more concrete state support, at the central level” for the development of major projects, according to News.ro.

“Our role is to finance sustainable development, green projects. We are not just a financier, we try to help projects that bring something extra. (…) That is why transformational projects are projects that we look at, we try to help as much as we can. (…) Green funding for us is basically the basis of the funding we grant. Last year, we made available to companies over 500 million dollars, of which over 70% were green financing,” said Cristian Nacu.

In addition to projects developed by private entities, International Finance Corporation also finances municipal projects but also provides consultancy in public-private partnership projects.

“Unfortunately, in recent years I haven’t heard much about public-private partnership projects,” says Nacu.

He points out that recently “several municipalities” have requested assistance for the development of large projects, but stresses that “more concrete support from the state, at the central level” is needed because many large and important projects cannot be carried out only with the funds that municipalities can borrow based on their borrowing capacity.