To achieve the CPF objectives, the World Bank Group’s activities in Romania include lending through both the International Bank for Reconstruction and Development (IBRD) and the International Finance Corporation (IFC), as well as providing advisory services and analytics (ASA). The IBRD portfolio comprises 12 active projects with total net commitments of $3.25 billion. Key sectors include: Health: $1.07 billion, Urban resilience: $880 million, Macroeconomic and fiscal management: $650 million, Finance, competitiveness, and innovation: $403 million, Governance: $176.79 million, and Environment: $63.6 million.
Since 1991, the International Finance Corporation (IFC) has invested over $7 billion in Romania, supporting privatizations, climate finance initiatives, industrial decarbonization, and public-private partnership reforms. FY2024 was a record year, with commitments totaling $2.2 billion, including $1.6 billion mobilized.
Advisory Services and Analytics (ASA) include both World Bank-financed and externally funded activities, such as reimbursable advisory services (RAS) and Trust Funds (TF). A Country Jobs and Growth Report (CJGR) will be finalized in FY26 to inform policies that address Romania’s aging population and productivity challenges.
The RAS program currently has 20 active tasks totaling $70.71 million, while the TF program consists of 16 tasks, 13 of which are EU-funded. These programs support reforms in governance, fiscal management, education, disaster risk management, social inclusion, energy, and the business environment. Following the adoption of the National Recovery and Resilience Plan, RAS support has expanded to include pensions, public wages, social protection, and tax reform.
