EU to allocate Moldova €30 million in financial aid
foto: EPA-EFE/OLIVIER HOSLET/Pierre Moscovici, the European Commissioner for Economic and Financial Affairs, gives a press conference on Italy deficit procedure after a weekly college meeting of the European Commission in Brussels, Belgium, 03 July 2019.
The European Commission on Thursday approved the providing of an installment worth €30 million of the macro-financial assistance meant for Moldova.
Following the request of the Republic of Moldova in 2016, the Commission proposed a macrofinancial assistance program worth up to €100 million in January 2017.
This is the first out of the three payments planned within MFA programme for Moldova, adopted in September 2017. The programme is deemed to help Moldova in the structural reforms’ implementation.
The payment of €30 million will consist of €10 million in the form of grants and €20 million in the form of loans.
The Republic of Moldova and the EU signed the Memorandum of Understanding in October 2017.
In last July, Moldova received an installment worth 14.5 million euros from the European Union in form of budgetary support.