Romania has to pay over EUR 35 M to WB and EU this May

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Romania is paying back EUR 35.8 million in May to the European Union (EU) and World Bank (WB), out of the stand-by loan contracted in 2009, the entire amount representing interest and fees, according to data provided by the Ministry of Finance (MFP).

Most of the amount must be reimbursed to the EU, namely EUR 33.8 million, and the rest of EUR 2 million to the WB.

In April, the state paid interests and fees of EUR 39 million to the two entities.

Overall, Romania has to pay EUR 1.26 billion to the European Union and to the World Bank in 2017. Of this amount, EUR 1.15 billion represents repayments, the rest being interests and fees. Over EUR 1.25 billion are to be repaid to the EU and only EUR 9 million to the World Bank.

In 2016, Romania paid EUR 113 million to the EU and the World Bank. Most of the amount was reimbursed to the European Union, namely EUR 104 million. The payments to the World Bank amounted EUR to 9.1 million.

Romania has to pay, by 2023, more than EUR 4.7 billion to the WB and the EU. The largest amount will go to the EU, namely EUR 3.71 billion.

In 2017, Romania has to pay more than EUR 1.2 billion, in 2018 – EUR 1.4 billion and in 2019 – EUR 1 billion.

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