EIB, EBRD And IFC Injected Over EUR1 Billion In Romania’s Economy To Offset Deleveraging

Update 10.16.2013 By Razvan Voican

Banks, companies in the industrial sector and local authorities in Romania have borrowed over EUR1 billion in the past year from the three major international financial institutions – the World Bank/IFC, EIB and EBRD, which are conducting a program aimed to stimulate the economic growth in the region by granting at least EUR30 billion financing between 2012 and 2014.

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Keywords:
EIB
, EBRD
, IFC
, financing
, economic growth
, deleveraging