The Government approved the Loan Agreement between Republic of Moldova and European Union according to the macrofinancial assistance for our country and the Memorandum of being a part of the Agreement.

After the document will be signed, there will be favorable conditions for economic growth and fiscal stability.

The macrofinancial assistance program for our country provides the allocation of 100 million euros, 60 million of them will be given as a loan and 40 million euros as a funding.

The disbursements there will be made in three equal trances, according to the progress after the implementation of the 28 EU conditions.

 Those refer to the public government, fight against corruption, reforms in the energetic sector, financial reforms and affair system reforms.

The loan will be accorded for 15 year and the interest rate will depend on the cost of the European Commission's loan on the international market.