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ROMANIA

In 2009, after eight years of rapid economic growth and impressive gains in poverty reduction, the global economic and financial crisis has exposed growing imbalances and economic vulnerabilities in Romania’s economy, rooted in a large, unfinished agenda of public sector and governance reforms. Over the last two years, Romania has been committed to addressing the difficult task of reconciling short-term fiscal consolidation with the need to mitigate the social costs of the crisis and restore the sources of sustainable and equitable growth with the support of International Financial Institutions. In this context, the dual objective of the Bank is to support Romania in addressing the economic and financial crisis, and to broaden and deepen the structural reform program for recovery and sustainable growth.

Active financed activities as of March 28, 2012.
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