IOFFICIAL DOCUMENTS STATUTORY COMMITTEE REPORT TO: The President, International Bank for Reconstruction and Development Report of Committee under Section 4 (iii) of Article III of the Articles of Agreement on the Proposed Loan (Health Sector Reform - Improving Health Systems Quality and Efficiency Project) to Romania. The undersigned Committee constituted under Section 7 of Article V of the Articles of Agreement of International Bank for Reconstruction and Development (the Bank) hereby submits its report pursuant to Section 4 (iii) of Article III of said Articles in respect of the proposal that the Bank grant to Romania (the Borrower) a loan in an amount of two hundred and fifty million Euro (E250,000,000). The purpose of said loan is to improve access to, and quality and efficiency of, public health services in Romania. 1. The Committee has carefully studied the merits of the proposal to grant such a loan, and of the purposes to which the proceeds of the loan are to be applied. 2. The Committee is of the opinion that the Project in support of which the proceeds of such loan are to be applied comes within the purposes of the Bank as set forth in Article I of said Articles of Agreement, and that said Project is designed to promote the development of the productive facilities and resources of Romania and is in the interest of Romania and of the members of the Bank as a whole. -2- ROMANIA (Health Sector Reform - Improving Health System Quality and Efficiency Project) 3. Accordingly, the Committee finds that said Project merits financial assistance from the Bank, and hereby recommends said Project for such assistance. COMMITTEE Senior Vice Preside t and Group General Counsel E lected by Governor for Romania Regional Vice President Europe and Central Asia Dated at Washington, D.C.