Gov't approves bill on EUR 467 ml Cat DDO IBRD loan

 Under a bill approved on Wednesday by the government, Romania will have access to a Catastrophe Deferred Drawdown Option (Cat-DDO) loan worth about EUR 467 million from the International Bank for Reconstruction and Development (IBRD) to respond to emergency situations caused by natural disasters and climate change, such as the floods in September this year.The bill ratifies the Loan Agreement between Romania and the IBRD (the second loan ...

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