100 MILLION EUROS for Moldova. Government approves decision to start negotiations

The Cabinet of Ministers approved in its meeting today, April 4th, a government decision to start negotiations on the draft financing agreement between Moldova and the EU on macro-financial assistance worth of 100 million euros.

Of this amount, 60 million euros will be in the form of loan and 40 million euros - as grant.

The loan disbursement will take place in three tranches starting with 2017 to 2018.

The term is up to 15 years.

The prime minister highlighted the importance of the assistance for Moldova, noting that it will stimulate economic growth. The head of the Executive said that each of the three installments will be preceded by a number of conditions.

The money will be used to overcome the economic shock from fraud in the banking system, to support macroeconomic stability and reforms our country.

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