Romania: Complementing EU Support for Agricultural Restructuring Project

WASHINGTON, November 27, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

IBRD Loan: €47.7 million

TERMS:  Maturity= 30years; Grace period=5 years

PROJECT DESCRIPTION: The objective of this project is to facilitate market-based farm restructuring through enhancing the ability of farmers, farm family members, and farm workers to manage their assets and income. Under this overarching objective, the Project will assist the Government of Romania (GOR) in completing the property title registration of land assets in rural areas to improve the security of land property rights and reduce transaction costs on rural land markets.

For more information please call

Michael Jones (202) 473-2588 or email:mjones2@worldbank.org