Romania will benefit from the expertise of the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the World Bank (WB) to modernize public administration, to support structural reforms and to prepare and implement projects financed from the European structural and investment funds (ESIFs) in order to increase the absorption rate in the current programming period, 2014-2020, and preparing the next programming period.
According to press release, Romanian Gov’t approved on Wednesday meeting, three decisions regulating the provision of technical assistance from the three international financial institutions, given that Romania still needs technical assistance that the EIB, EBRD and WB can provide to the managing authorities and to the main beneficiaries of public institutions involved in carrying out structural reforms and public investments.
Memorandum of Understanding with the EIB establishes provision of technical assistance to Romania for two areas of intervention.
Regarding EBRD’s technical assistance for Romania, Gov’t has identified three areas where consider to be necessary an additional support to enhance project implementation.
The World Bank will provide assistance to Romania on two areas of intervention – public administration modernization and achievement of structural reforms.
The validity of the EIB-EBRD-WB expertise runs until end-December 2023.