World Bank helps Bulgaria with its infrastructure investments

Sofia (Bulgaria), August 10 – President of the World Bank Robert Zoellick and Bulgarian Prime Minister Boyko Borisov signed a memorandum to boost cooperation in the development of Bulgaria’s infrastructure.

It is of crucial importance for Bulagria, to succesfully trade with European Union and integrate its remote regions within the European market, to invest in its roads and railways.

According to Zoellick the World Bank has invested a total of USD 1,5 billion in Bulgaria, which now has access to further EUR 7 to 10 billion not in form of loans. World Bank President said that Bulgaria can rely on the World Bank to help not only with infrastructure projects but in the areas of energy, education and administrative capacity as well.

Source: The Associated Press, Sofia News Agency