At Thursday's cabinet session, government adopted a decision to take out two loans with the World Bank. The first loan, valued at 200 million Euros, will be used for reconstruction efforts in Zagreb following the March 22nd earthquake, as well as strengthening the national response to Covid-19. The second, valued at 275.9 million Euros, is intended for a broader response to the coronavirus crisis and to support economic recovery.
Speaking at Thursday's cabinet session, Prime Minister Andrej Plenković said that according to estimates by Zagreb University’s Faculty of Civil Engineering, the reconstruction of buildings damaged by the earthquake to the maximum necessary seismic level would cost a total of 13 billion Euros.
"It is important for our citizens, especially those living in Zagreb, to understand that the reconstruction of Zagreb by these standards will cost us roughly the same as building 25 Pelješac Bridges," Plenković said.
Meanwhile Deputy Prime Minister and Finance Minister Zdravko Marić said that he had approached the World Bank in early April with regard to the second loan deal, a 275.9 million Euros package to strengthen Croatia’s response to the coronavirus crisis and to support recovery.
"A loan proposal has been prepared that enables quick access to liquidity for the needs of the state budget, and refers to the support program defined in nine measures, which deal with two key areas: mitigating the immediate social and economic impact of the crisis and laying the foundations for promoting inclusive and sustainable recovery," Minister Marić said.
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