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Statement April 14, 2022

Readout from World Bank Group President David Malpass’s Meeting with Prime Minister Nicolae Ciuca

BUCHAREST, April 14, 2022 – Today, World Bank Group President David Malpass met with Prime Minister Nicolae Ciucă and members of his Cabinet.

President Malpass commended Prime Minister Ciucă and ministers for Romania’s support to Ukrainian refugees. President Malpass also thanked Prime Minister Ciucă for Romania’s assistance to Ukraine and Moldova in the energy sector, logistics, and trade, particularly building trade routes to Ukraine and planning for participation in Ukraine’s reconstruction.

President Malpass congratulated the authorities for fostering currency stability and noted the importance of fiscal reforms. President Malpass highlighted the critical importance of reforms to state-owned enterprises (SOEs), private sector growth, and effective use of EU financing for strategic infrastructure and human capital.

President Malpass affirmed the World Bank Group’s support for Romania’s efforts in spurring private investment, promoting human capital, and institutional reforms.

President Malpass and Prime Minister Ciucă also discussed Romania’s diversified energy mix and future investment pertaining to energy security and transition.