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August 12, 2022
BUSINESS

Francois Rantrua, new head of WB’s office in Bucharest

The World Bank appointed Friday, January 15, Frenchman Francois Rantrua as the head of its Romanian office, to succeed Benoit Blarel, whose mandate ended in September 2009. Since October 5, Arntraud Hartmann, the head of WB’s resident mission in Romania during 1992-1996, was the caretaking manager of the local office, replacing Blaret.


Rantrua joined the World Bank in 1997 and was assigned to various positions, the most recent being that of director for Mauritania. The new World Bank director will have as top three priorities leading the daily talks with the government over a wide range of policies, including the structural reform program, regional matters, managing the portfolio in Romania, fulfilling a strategic role in the implementation of the strategy of partnership with Romania and the working program (…), leading the daily operations and managing the team and budget of the Romanian office, WB writes in a press release.


Place 99 in the world in terms of infrastructure quality


On another line, according to a World Bank report, Romania ranks 59 out of 155 states in terms of logistic performance. In the classification worked out by the international institution, Romania got the worst score for its infrastructure, ranking 99 among the countries under review. Moreover, Romania ranks 85 among 155 states in terms of customs efficiency, and 33 in the world for the easiness with which commodity transports at competitive prices can be arranged.

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