Romania has accelerated investments and undertaken policy reforms in disaster risk management in recent years. In 2018, in collaboration with the World Bank and the Global Facility for Disaster Reduction and Recovery, Romania secured a US $493 million disaster risk management development policy Loan with a Catastrophe Deferred Drawdown Option.
The loan motivates stronger disaster risk management institutions while also making emergency funds immediately available for an imminent disaster threat or after a disaster strikes to ensure quick recovery without disrupting other development priorities. To further improve emergency response capacities.
The World Bank is supporting the government with a series of investment projects (totaling US $180 million) to modernize emergency infrastructure to provide thousands of first responders with disaster resilient, energy efficient, gender- and disability friendly facilities that meet modern response requirements.