The European Union and the International Monetary Fund have announced they are resuming aid to Romania.
Aid was frozen in November due to a political crisis that paralysed the country. However, since last month Romania again has a stable government, and the country’s parliament has agreed to a budget detailing rigorous cutbacks.
The developments were enough to convince the EU and IMF to restart aid payments. They are to pay out 3.3 billion euros between them. Planned aid to Romania in the long term totals 20 billion euros.
View of Bucharest (wikimedia)
Bucharest (wikimedia)
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