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Details
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| Document Date:
| 2009/06/17 |
| Document Type:
| Program Document |
| Report Number:
| 48606 |
| Volume No:
| 1 of 1 |
| Country:
| Romania ; |
| Disclosure Date:
| 2009/07/16 |
| Doc Name:
| Romania - First Development Policy Loan Program |
| Keywords:
| Accounting, Accounting Standards, additional pension, assessment process, asset prices, average wage, Balance of payments, balance sheets, bank balance sheets, bank market, banking sector, banking sector assets, banking system, banks, beneficiaries, beneficiary, benefits scheme, Borrower, borrowing, borrowing costs, budget planning, budgeting, business cycle, capital account, capital expenditure, capital flows, capital inflows, capital outflows, capitalization, cash transfers, central bank, collateral, commercial bank, commercial banks, Consumer, consumer debts, Consumers, contingency, contingency planning, Contribution, contribution rate, contribution rates, contributions, credit default, credit default swap, credit expansion, credit growth, credit rating, credit risk, credit risks, creditors, CURRENCY, Current Account, current account deficit, Current Account Deficits, current pension, DEBT, debt restructuring, debt service, DEBT SUSTAINABILITY, debtors, debts, demographic groups, deposit, deposits, depreciation, Direct Investment, DISBURSEMENT, disposable income, domestic banking, domestic financial markets, earnings, economic activity, ECONOMIC DEVELOPMENTS, economic risks, Exchange Rate, Exchange rates, Export growth, external borrowing, External Debt, external financing, family allowances, family member, financial crisis, financial environment, financial groups, financial health, financial incentives, financial independence, FINANCIAL MANAGEMENT, financial markets, financial positions, Financial Sector, financial sectors, financial stability, financial support, financial system, Financing Requirements, fiscal deficit, fiscal deficits, fiscal management, Fiscal Policy, fiscal sustainability, foreign banks, foreign currency, Foreign Direct Investment, Foreign Exchange, foreign exchange risk, foreign exchange risks, fund management, Government spending, Gross Domestic Product, Health Insurance, Health Insurance Fund, household borrowing, Human Resources, Income, incomes, indebtedness, inflation, inflationary pressures, interest rate, interest rate differential, interest rates, INTERNATIONAL BANK, international credit, international credit rating, International Development, International Finance, international financial crisis, international financial markets, Investment Bank, investment program, investment risk, labor market, life expectancy, liquidity, liquidity problems, liquidity risk, living standards, LOAN, loan defaults, Loan Quality, local currency, long-term care, macroeconomic policy, market confidence, market participants, market segmentation, maturity, minimum wage, Monetary Fund, monetary policy, mortgage, mortgages, National Bank, National Securities, partial payments, payment schedules, pension fund, pension legislation, pension scheme, pension system, pensioners, Pensions, political risks, poverty rate, price index, private borrowing, Private Debt, private debt flows, private investment, Private Pension, private sector credit, property taxes, prudential regulations, public debt, Public Expenditure, public expenditures, Public Finance, public investment, public pension, public spending, real exchange rate, reserve, reserve requirements, reserves, responsibilities, resume, retired, retirement, retirement age, retirement ages, retirement benefits, revenue performance, risk aversion, risk exposures, salaries, salary, sales, Savings, second pension, secondary education, secondary school, secondary schools, Securities, senior, short maturities, short term capital inflows, skilled workers, Social Assistance, SOCIAL PROTECTION, spot market, stakeholders, stock market, supervisory powers, support program, T-bills, Tax, total compensation, trade credit, transaction, Trust Fund, Unemployment, valuation, wage, Wages
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| Language:
| English |
| Major Sector:
| Public Administration, Law, and Justice |
| Rel. Proj ID:
| RO-Dpl -- P102018 ; |
| Region:
| Europe and Central Asia ; |
| Rep Title:
| Romania - First Development Policy Loan Program |
| Sector:
| General public administration sector |
| Topics:
| Public Sector Development ; Finance and Financial Sector Development |
| SubTopics:
| Bankruptcy and Resolution of Financial Distress ; Debt Markets ; Public Sector Expenditure Policy ; Banks & Banking Reform ; |
| Unit Owning:
| Poverty Reduction/Econ Mngmt (ECSPE) |
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Abstract
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| The objective of the First Development Policy Loan (DPL) Program for Romania is to support the Government's reforms in fiscal management, social protection, and the financial sector. This operation is being proposed as the first of a series of three single tranche programmatic loans totaling Euro 1 billion. The first DPL is for Euro 300, and the second and third DPL will be Euro 360 million and Euro 340 million respectively. The DPL program supports the Government's structural reforms in three key areas: a) improving fiscal sustainability and public financial management (cross-sectoral reforms and reforms in two key sectors-health and education); b) enhancing social protection systems-social assistance and pensions-to address the immediate needs of the poor and vulnerable but also to ensure more effective social protection over the longer term; and c) strengthening the contingency planning and resilience of the financial sector. In the fiscal and financial sector areas, which are also being covered by the International Monetary Fund (IMF) and the European Commission (EC) programs, the Bank operation reinforces and complements the measures envisaged under these respective programs. |
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Downloads
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Complete Report
Official version of document (may contain signatures, etc) |
 PDF | 83 pages | Official Version | [5.81 mb] |
 Text | | Text Version* | |
| *The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity. |
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