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Romania to pay EUR 1.26 bn to EU and WB in 2017

Romania has to pay over EUR 1.26 billion in 2017 to the European Union (EU) and the World Bank (WB) as part of the stand-by loan contracted in 2009, according to Ministry of Public Finance (MFP) data sent to agerpres.ro.

Of this amount, EUR 1.15 billion represents capital installments and the rest – interest and fees. More than EUR 1.25 billion is going to be reimbursed to the EU and only EUR 9 million to WB.

This year, Romania has paid EUR 113 million to the EU and WB. Thus, most of the amount was reimbursed to the European Union, EUR 104 million respectively. EUR 9.1 million went to WB. The entire amount of EUR 113 million represents interest payments and fees.

As regards 2015, Romania has paid over EUR 1.83 billion to the International Monetary Fund (IMF), EU and WB. Also, 2015 was the year in which the IMF loan was paid. Thus, the last installment was in February and amounted to EUR 165 million. Overall, Romania has refunded to IMF over EUR 2.49 billion.

Last year, Romania has refunded to EU over EUR 1.651 billion, of which EUR 1.5 billion were capital installments and the remaining, interest and fees. EUR 9.5 million (interest and fees) were paid to WB.

Romania has to pay over EUR 4.77 billion by 2023 to WB and EU. The largest amount will go to the EU, meaning EUR 3.71 billion.

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