Romanian Government approved a draft law on the ratification of the Loan Agreement between Romania and the International Bank for Reconstruction and Development (IBRD) in the amount of 600 million euros and the Agreement on non-reimbursable financial assistance between Romania and the IBRD in the amount of 24 million dollars, announced the spokesperson of the Government, Dan Cărbunaru.

He showed that the two agreements were signed in Bucharest, on July 19, based on previous approvals at the level of the Government and the President of Romania, and the financings will ensure the implementation of actions associated with the reforms pursued within the PNRR, but also for the management of the humanitarian crisis generated by the Russian military aggression in Ukraine, according to Agerpres.

“Funding is grouped on two pillars: strengthening inclusion and fiscal administration, including actions that involve response to the humanitarian crisis in areas such as education, health, social assistance, housing, employment, pension reform, expenditure efficiency and fiscal reform. At the same time, they will ensure financing supporting the decarbonization of climate resilience, including a series of actions and fields, such as renewable energy, increasing the energy efficiency of buildings and forests,” said Cărbunaru.

He specified that, through a memorandum, the decision was taken to introduce a de minimis aid scheme to support the sustainable development of companies active in the processing industry and the recovery of materials to increase the competitiveness of products made in Romania.