WASHINGTON, June 26, 2018 - The World Bank’s Board of Executive Directors today approved the following project:
Romania - Disaster Risk Management Development Policy Loan with a Catastrophe Deferred Drawdown Option
IBRD Loan: EUR 400 million (US$ 493.06 million equivalent)
Terms of IBRD Loan: Maturity = 20 Years, Grace = 19.5 Years
Project ID: P166303
Project Description: The objective of the project is to strengthen Romania’s institutional and legal framework to effectively manage the physical, social and fiscal impacts of natural disaster and climate change.
For more information, please visit here: https://projects.worldbank.org/P166303?lang=en