Agriculture, Food and Forests minister Ilie Sarbu and the World Bank director for Romania Andrew Vorkink in Washington concluded negotiations on the financing memorandum for the development of a rural financial institution network, worth $227 million, $150 million of which will come from the World Bank.
The programme will lead to the development of rural areas, to the creation of jobs in these areas and to a cut in unemployment and poverty. The funds are aimed at the private sector and are a source of pre- and co-financing for the SAPARD programme. Mediafax