International Bank for Reconstruction and development

Gov't approves three-month extension of withdrawal deadline for IBRD healthcare reform loan proceeds

The government approved today the amendment regarding the three-month extension until March 31, 2021 of the deadline for the withdrawal of the proceeds of a 250 million euro IBRD loan granted for the reform of the Romanian healthcare system.

The Bulgarian Government Decides to Provide an Office to the World Bank in Bulgaria

The Government is expected at its regular meeting to adopt a report on the implementation of the Action Plan for 2019 with the measures stemming from Bulgaria's membership of the European Union on 31 March 2019, the press service of the Cabinet announced.

Remembering Zolotas: A speech in English with all Greek words

Just two days ago was the birthday of the late Xenophon Zolotas, the patrician economist of international repute, university professor, thrice governor of the central Bank of Greece, and the prime minister of an ecumenical multi-party government in the tumultuous late 1980's

He is widely viewed as one of the most prominent Greek academics and public intellectuals of the 20th century.

IBRD to Provide Advisory Services on River Basin and Flood Management to Bulgaria for BGN 34.5 Million

Sofia. The Parliament ratified an agreement for the provision of advisory services by the International Bank for Reconstruction and Development (IBRD) for river basin and flood risk management plans in Bulgaria, Focus News Agency reports.

Moldova Economy Grows Faster Than Eurozone Average

Moldova's economy grew by 4.5 per cent in 2017 - well above the eurozone average of about 2 per cent - as the country's foreign debt decreased slightly, a report released by the Ministry of Finance in Chisinau showed on Monday.

At the end of the December 2017, Moldova's foreign debt amounted at 1.7 billion US dollars, 19.3 per cent of the country's GDP, 2 per cent less than in 2016.

World Bank Group spares up to $7.5 bln financing for Turkey for next five years

The World Bank Group and Turkey have renewed their partnership with the introduction of a new Country Partnership Framework (CPF) with a substantial amount of financing line late in August.

The 2018-2021 CPF for Turkey focuses on three core areas: Growth, inclusion and sustainability, read a World Bank Group statement, which was released on Aug. 30.