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Romania gets 450 million Euro loan from EIB for rural development programme

The European Investment Bank (EIB) is lending 450 million Euro to Romania to finance its national contribution to the implementation of the Romanian Rural Development Programme (RDP) together with grants from the European Agricultural Fund for Rural Development in the period 2014-2020.

2018-09-17 11:51:41

The loan was signed on the margins of the meeting of the EIB's Board of Directors taking place in Bucharest on 17-18 September.

The Ministry of Agriculture and Rural Development will be the promoter of the project, while public and private entities will be the final beneficiaries of the loan signed between the EIB and the Ministry of Public Finance.

This is the second EIB operation supporting Romania's Rural Development. The previous one, a loan of 300 million Euro for Romania's 2007-2013 Rural Development Plan, has been fully disbursed and benefited some 900 village infrastructure projects, 4,000 famers and agri-food and forestry SMEs.



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