Press Room

The reception by Minister of Foreign Affairs Teodor Melescanu, of head of the World Bank Office in Romania, Tatiana Proskuryakova

Press release

On 8 January 2018, Minister of Foreign Affairs, Teodor Melescanu received the new Head of the World Bank Office in Bucharest (accredited since July 2017, country manager for Romania and Hungary), Tatiana Proskuryakova.

The head of the Romanian diplomacy has appreciated the results of the World Bank's assistance programs so far in Romania in an impressive number of sectors of activity, as well as the role played by this international financial institution in supporting the reform programs in our country. Minister Teodor Melescanu sent to Mrs. Proskuryakova his wishes success in continuing her work in Romania and assured her that the Ministry of Foreign Affairs will continue to show full availability of support and cooperation during the mandate of the new Head of the Bank's Office in Bucharest.

The head of the World Bank Office thanked for the wishes and said that the institution she is leading will continue to support the economic development of our country, including by developing in the next period a new country strategy, focusing on the modernization of the infrastructure, the reform of the education system, the labour market and the health sector as well as the risk management component.

Additional information:

The World Bank Group consists of five international financial institutions: the International Bank for Reconstruction and Development (IBRD); International Finance Corporation / CFI; The International Development Association (IDA); The Multilateral Investment Guarantee Agency (MIGA); The International Center for Settlement of Investment Disputes / ICSID.

The World Bank is one of the main sources of development assistance to the countries of the world. Its mission is to eradicate poverty and to improve the living standards of the population in developing countries. The institution was established on 1 July 1944 following the Bretton Woods (USA) conference with the International Monetary Fund. The Bank brings together 188 member countries and its headquarters are in Washington DC.

Romania is a member of IBRD (since 1972), IFC (since 1990), MIGA (since 1992), ICSID (since 1975) and IDA (since 2014). The work of the World Bank Group in Romania started in 1991 and includes both public programs and projects funded by the IBRD through loans granted directly to the state through the Ministry of Public Finance as well as private projects without State guarantee through the support of the IFC and MIGA.