World Bank approves €599.1mn ($650.5mn) loan for Romania's economic and environmental sustainability.

The World Bank approves €599.1mn ($650.5mn) development loan for Romania, aimed at supporting economic and environmental sustainability, fiscal consolidation, increased pension system equity, transport sector decarbonization, private-sector involvement in renewable energy, and funding for Romania's first green bond. The loan is crucial for Romania to meet its commitments under the European Green Deal and climate mitigation goals.