Press Release: Commission pays €1 billion in Balance of Payments support to Romania

The EU disbursed on 11 March 2010 €1 billion to Romania, the second instalment of a €5 billion loan, which was agreed in May 2009 as part of a multilateral financial assistance package. On the same day, it also paid a third instalment of €500 million to Latvia (see IP/10/263). The disbursement to Romania follows a positive assessment by the Commission of the implementation by the Romanian authorities of the conditions agreed in the Memorandum of Understanding (MoU).