World Bank

World Bank provided $1.5 bln in financing to Turkey

The World Bank said on July 15 that it extended financing worth $1.5 billion for five critical development projects during Fiscal Year 2021. 

Recalling that the country fought the impacts of COVID-19, the bank said the financial support contributed to the implementation of Turkey's 11th National Development Plan as laid out in the Bank's Country Partnership Framework.

Prime Minister Citu presented reforms to representatives of the World Bank

Prime Minister Florin Citu on Monday had a meeting at the Victoria Palace with a World Bank delegation led by Anna Bjerde, Vice President for Europe and Central Asia, in which he presented, among other things, the reforms undertaken by the Government regarding pensions and salaries in the public system.

FinMin Nazare: Budget measures taken this year - enough to secure adjustment strategy's approval

The budget measures taken this year are enough to secure the European Commission's nod of approval for the adjustment strategy presented in Brussels and the return of the deficit to 3 percent of GDP by 2024, Finance Minister Alexandru Nazare said on Monday at the launch of the Bucharest Stock Exchange - Envisia Boards of Elite partnership dedicated to capital market players.

World Bank provides additional funding of 150 million euros for reform of Romanian health sector

Minister of Finance Alexandru Nazare and World Bank Country Manager for Romania and Hungary in the Europe and Central Asia Region Tatiana Proskuryakova signed today in Bucharest the loan agreement for the additional 150 million euro funding aimed at supporting the health reform project - improving the quality and efficiency of the health system, a press release of the Finance Ministry informs.

Central bank: Climate change agenda has high stake for Romania's economy, financial system

The climate change agenda has a high stake for the Romanian economy and financial system, both in terms of opportunities and costs, should the green transition be delayed, the governor of the National Bank of Romania (BNR), Mugur Isarescu, said on Tuesday at the press conference for the presentation of the Report of the National Committee for Macroprudential Supervision (CNSM).

Columbia: Army Sent in Cali to Deal with Month-long Protests

Colombian President Ivan Duque announced Friday he was deploying military troops to the city of Cali, as international alarm grows over the policing of deadly anti-government protests across the country in recent weeks.

Friday marked a full month of nationwide protests, which began over a proposed tax increase but have since morphed into a broader anti-establishment mobilization.