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Presidency: World Bank representatives optimistic about Romania's economic performances


President Klaus Iohannis met on Wednesday representatives of the World Bank who showed their optimism regarding Romania's economic performances, underscoring however that certain possible risks and vulnerabilities should not be overlooked, a Presidential Administration release informs.

"The discussions carried out during the meeting envisaged the opportunities to consolidate the collaboration between Romania and the World Bank, with a highlight on the World Bank's interest in further supporting the economic and institutional reforms meant to endorse the long-term development. In this respect, the results of the existing cooperation between Romania and the World Bank were appreciated," the release reads.

According to the release, the WB representatives mentioned certain reform directions mainly aimed at the state-owned enterprises and corporate governance improvement, solving the cadastre problem, but also the need to develop and modernise some key sectors, such as transport, an area in which they said Romania has a lot to make up for.

The head of the state highlighted the need for ongoing projects and programmes to be successfully completed, so that the governance quality be improved and consistently reflect into economic prosperity and living standard enhancement, the release also shows.

The discussions also tackled some regional and global economic developments, in relation to their possible impact on Romania, with the World Bank representatives voicing their optimism in respect to our country's economic performances.

The World Bank's status as an important partner to Romania was reiterated during the meeting, as well as the fact that Romania represents one of the World Bank's most important partners in the region.

The WB delegation is headed by Cyril Muller, regional vice president for Europe and Central Asia.