The World Bank Office in Romania and the Municipality of Brasov signed today a reimbursable advisory service (RAS) agreement – a form of technical assistance – to support the implementation of urban development solutions that will boost growth and improve the quality of life for Brasov residents, a press release informs.
WB will provide technical assistance to the Municipality of Brasov over a period of three years. The focus of this support will be to help Brasov leverage its strategic location and potential to reenergize its development model and spearhead innovation.
“I am pleased to be in Brasov today for the signing of what is a very innovative and promising engagement – working directly with cities in Romania”, said Tatiana Proskuryakova, World Bank Country Manager for Romania and Hungary, adding: “Brasov is an attractive urban area and we want to make sure it fully exploits its many economic and geographic advantages to be a bright spot of economic growth and development on Romania’s map.”
WB support will target strengthening capital investment planning and management with a focus on supporting improvements in project planning and delivery, financial health of the municipality, and development of a multi-annual investment program.
At the same time, the support is focused on improving municipal asset management and urban regeneration by identifying underutilized assets that could be repositioned to advance the city’s policy goals. In addition, support will be provided in the adoption of international best practices in urban development, as well as in addressing the rehabilitation of old-style neighborhoods.
Another main target is enhancing the competitiveness of the metropolitan area with a focus on building local capacity to sustain an effective public-private dialogue to advance the city’s development priorities, and create the “Innovative Brasov” model, including piloting low-cost, innovative solutions at the city level.
In 2016, the World Bank Group and Romania celebrated 25 years of continued partnership in supporting poverty reduction and inclusive growth.