The World Bank (WB) approved two loans for a total of EUR 142mn under the partnership strategy adopted in June 2006. The financing is not related to liquidity problems or any urgent needs imposed by the global financial crisis. The bigger loan of EUR 102mn will be directed to social protection, education, and healthcare reforms. The other loan of EUR 40mn is earmarked for social inclusion programmes. The Bank notes that further increase in the labour productivity and employment is of crucial importance to achieve sustainable economic growth and to facilitate the convergence to EU living standards. The debt will be repaid in 17 years with a grace period of 5 years.