Romania May Get World Bank Precautionary Accord, Mediafax Says

Romania may enter into a precautionary agreement with the World Bank in the first half of 2012, Mediafax reported today, citing International Monetary Fund Mission Chief to Romania Jeffrey Franks.

The eastern European country will receive about 400 million euros ($522 million) in the next days under the current development-policy loan from the World Bank, the Bucharest-based news service said today, citing Franks. Daniel Kozak, the World Bank spokesman in Romania, declined to comment when contacted by Bloomberg News today.

To contact the reporter on this story: Irina Savu in Bucharest at isavu@bloomberg.net.

To contact the editor responsible for this story: James M. Gomez at jagomez@bloomberg.net

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