Bucharest, January 16, 2010. During January 20-27, 2010, a World Bank mission, headed by Swati Ghosh, will visit Romania, together with the IMF and the European Commission teams, to discuss progress on the economic reform program supported by the World Bank, in the context of the second Development Policy Loan (DPL2).
During the discussions with the Romanian authorities, the World Bank experts will focus on the reform of the public sector, including the implementation of the unitary pay law and the pension system, social assistance, and the reforms in the financial sector.
The Development Policy Loans (DPL) program, amounting Euro 1 billion, focuses on public financial management, the social sectors and the financial sector. The first Development Policy Loan, totaling Euro 300 million was approved by the Board of the World Bank on July 16, 2009, signed on September 1, 2009, and disbursed on October 20, 2009. The DPL reform agenda supports policy measures and structural reforms to achieve fiscal sustainability in Romania and uphold the recovery process, and closely complements programs supported by the IMF and the EU.
