Law No. 68 Of 28 June 1995

Original Language Title:  LEGE nr. 68 din 28 iunie 1995

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LAW No. 68 of 28 June 1995 on ratifying loan agreement between Romania and the International Bank for reconstruction and development to finance industrial development project, worth $ 175 million, signed at Washington S.U.A. on 21 March 1995 PARLIAMENT ISSUING published in MONITORUL OFICIAL NR. 133 of 30 June 1995, the Parliament of Romania adopts this law.


Article 1 shall ratify the loan agreement between Romania and the International Bank for reconstruction and development to finance industrial development project, worth $ 175 million, signed at Washington S.U.A. on 21 March 1995.


Article 2 authorises the Romanian Government, through the Ministry of finance, as agreed with the International Bank for reconstruction and development to introduce during the use of the loan in relation to the concrete conditions of the loan agreement, amendments to its content, which relate to realocari, changes in the structure of the loan component, beneficiaries, changes of time limits, and any other changes which are not likely to increase the loan amount or to determine new economic condiţionari against those agreed initially between the parties.
The Government will report periodically to Parliament in relation to these amendments within the framework of the report on external public debt.
This law was adopted by the Senate at its meeting on 8 June 1995, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
p. SENATE CHAIRMAN ION SADANI this law was adopted by the Chamber of deputies at its meeting on 19 June 1995, in compliance with the provisions of art. 74 para. (2) of the Constitution of Romania.
PRESIDENT of the CHAMBER of DEPUTIES ADRIAN NASTASE AGREEMENT 21/03/1995