Agreements with EU on macro-financial assistance for Moldova to be published in Official Journal

12:13 | 11.01.2018 Category: Economic

Chisinau, 11 January /MOLDPRES/ - The agreement on loan and grant with the European Union on macro-financial assistance for Moldova and the memorandum of understanding will be published in the 12 January issue of Moldova’s Official Journal (Monitorul Oficial).

Under the document, the macro-financial assistance for Moldova, provided by EU, represents a financing operation worth up to 100 million euros, of which 60 million euros is to be provided as loan and 40 million euros – as grant.

The sums offered will be disbursed in three equal installments in 2018. The disbursement of the money will take place depending on the progress made in the implementation of the provisions of the memorandum with the International Monetary Fund and those 28 conditions agreed upon between Moldova and the European Union. The loan’s repayment period is 15 years at the most.

The agreement will help create a stable macro-economic framework in Moldova, friendly for implementing the structural reforms.

(Reporter A. Ciobanu, editor L. Alcaza)

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