Commission pays first instalment of € 1.5 billion in balance-of-payments support to Romania
The loan backs the implementation of fiscal, financial and structural adjustment programmes made necessary by the global economic crisis.
27 July 2009.
The €1.5 billion paid on Monday was the first instalment of a €5 billion loan agreed by the EU in May. Another €1 billion is expected in last quarter of this year, if the conditions are met, and the remainder in three instalments in 2010 and the first quarter of 2011.
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