Vulnerability to natural disasters made us more aware of the importance of the agreement signed on Wednesday with representatives of the World Bank, through which we can access up to 466.9 million euros in case of catastrophes, the Minister of Finance, Marcel Bolos, posted on Facebook.

„Recently we all saw how vulnerable we are in the face of natural disasters, which affected not only homes and infrastructure, but also the lives of many families. These are moments that made us more aware of the importance of the agreement we signed today with representatives of the World Bank, through which we can access up to 466.9 million euros in case of catastrophes. The signing took place in the context of the launch of the World Bank’s Country Partnership Framework (2025-2029) in Romania The World Bank’s investment in Romania is the largest in the European Union, with investment projects in the financial sector, to ensure access to financing for SMEs and farmers, for women and young entrepreneurs, but also to reduce gaps in infrastructure, logistics, and integration into value chains,” the Minister said.

He pointed out that, in the spring of this year, in the context of a trip to Washington, he received assurances that the contracting process for this financing agreement would be accelerated, „a fact that has been proven”.

On the other hand, Marcel Bolos said that, also on Wednesday, it was possible to allocate, through the Reserve Fund, important sums for the financing of social services from the child protection system, protection measures such as day care centers and residential centers for people with disabilities, homes for the elderly and the operating expenses of home care units for the elderly – 570 million RON to the County Councils, through the budget of the Ministry of Development and the financing of state aid for farmers affected by the severe drought phenomenon – 2 billion RON through the budget of the Ministry of Agriculture and Rural Development.

Furthermore, money was allocated to finance some investment expenses in the field of Romania’s transport infrastructure, by allocating over 5 billion RON, of which: 3.4 billion RON in commitment credits and 2.1 billion RON in budget credits.

There are expenses that will support investments in the transport infrastructure in the region of Moldova and Transylvania (A7 Ploiesti-Buzau – Focsani – Pascani and Transilvania highway), the minister pointed out.

A loan agreement worth 500 million dollars for disaster risk management was signed, on Wednesday, at Victoria Palace, by the Minister of Finance, Marcel Bolos, and the Executive Director of the World Bank Group, Anna Akhalkatsi.

AGERPRES