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

By Anca Bernovici
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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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Anca Bernovici

Anca Bernovici

I started my way in life with the intention to pursue a teaching career. But, after graduating from the Faculty of Letters – the University of Bucharest in 2004, my first job as a reporter at one of the leading newspapers in Romania changed my perspective. I have specialized in communication and communication campaigns, following the Master's courses at the Faculty of Journalism and Communication Studies (FJSC), attending a BBC Communications scholarship.
I’ve represented several important publications in Romania as business journalist, being accredited in the finance and banking field. In 2015, I had the opportunity to interview the International Monetary Fund (IMF) Mission Chief for Romania, Andrea Schaechter. As business journalist, I also had the opportunity to interview ministers for Economics and Commercial
Affairs offices within different embassies in Romania or officials of large companies investing on the domestic market.
After almost 15 years of journalism, I still want to explore new ways, to inform and stay updated. That’s why The Romania Journal project fits me so well.
Today I describe myself as a passionate about the history of world culture, having a PhD in Hebrew Culture and Civilization, after a scholarship at the University of Haifa International School, as a language addict, an environmental activist, pet lover and traveler.

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