Last week confirmed the positive economic outlooks for Romania in 2016, with an anticipated growth of 3.9% this year, the highest growth rate in Europe. Also, World Bank and IMF announced the continuation of their cooperation with Romania, and in the case of IMF, a new representative in the person of Reza Baqir. World Bank and the Government have signed a Memorandum that will enable the international financial institution to continue providing technical assistance services to Romanian public institutions until 2023. This agreement comes in the context in which PM Dacian Cioloș announced a reorganization of the public authorities along EU standards. The agreement also comes in line with the main aims of the technocratic Cabinet, namely modernization of the state apparatus and reshaping the relation between citizens and public authorities, and the absorption of EU funds, since the assistance services will be financed via the European Structural and Investment Funds, within the 2014-2020 period.
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