Parliament to ratify accords between EIB and EU states

President Traian Basescu, on Wednesday, signed the decree on tabling the Parliament, for ratification, two accords between the European Union countries and the European Investment Bank (EIB), the Presidential Administration informed.

It deals with the guarantee accord on the loans EIB is to grant for the investment projects in the African, Caribbean and Pacific (ACP) states and the Overseas Countries and Territories (OCT).

The second is the arrears management agreement the EU states and the EIB signed on the payment and the reimbursement procedures within the Member States’ Guarantees in favor of the EIB.
Romania signed both agreements in Luxembourg, on Oct 21, 2008.

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