Moldova, EU signed Agreement on Macro-Financial Assistance worth EUR 100M
foto: facebook Moldova government
The Loan Agreement between the Republic of Moldova and the European Union on macro-financial assistance was signed in Brussels.
The memorandum was signed by Finance Minister Octavian Armasu, Governor of the National Bank, Sergiu Cioclea, and EU Economic Affairs Commissioner Pierre Moscovici.
The ceremony was also attended by Prime Minister Pavel Filip on his visit to Brussels.
The Republic of Moldova will receive EUR 100 million, of which EUR 40 million will be grant, and EUR 60 million as loan.
Disbursements will be made in 2018, in three equal installments, according to the progress made in implementing the 28 conditions established with the European Union.
These include combating corruption, energy and financial reforms, and improving the business environment.
The memorandum was signed by Finance Minister Octavian Armasu, Governor of the National Bank, Sergiu Cioclea, and EU Economic Affairs Commissioner Pierre Moscovici.
The ceremony was also attended by Prime Minister Pavel Filip on his visit to Brussels.
The Republic of Moldova will receive EUR 100 million, of which EUR 40 million will be grant, and EUR 60 million as loan.
Disbursements will be made in 2018, in three equal installments, according to the progress made in implementing the 28 conditions established with the European Union.
These include combating corruption, energy and financial reforms, and improving the business environment.