Moldova will receive another 75 million euros from the European Commission to mitigate the socio-economic consequences of rising energy prices.
Thus, the total amount of this assistance will grow to 135 million euros. In particular, this is envisaged by the draft amendment N1 to the Financing Agreement between the Government of Moldova and the European Commission on the “State Consolidation and Sustainability Contract for the Republic of Moldova”, signed in Brussels on December 15, 2021. At a meeting on Wednesday, the Government approved the start of negotiations and the signing of the corresponding amendment, which provides that the total amount of this budgetary assistance will be 135 million euros, and the second tranche will be 75 million euros. Amendment N1 to the mentioned financing agreement between the Government of Moldova and the European Commission is aimed at providing additional support to Moldova in mitigating the socio-economic impact of rising energy prices, especially on vulnerable groups, strengthening the government’s capacity to provide services to citizens, supporting socio-economic recovery in the long term period, strengthening energy security and energy transition. The first tranche of €60 million was disbursed on 24 December 2021, with the remainder to be disbursed after certain conditions have been met. In particular, the government will need to make progress in mitigating the socio-economic impact of rising gas prices, strengthening the government's capacity to provide personalized services to vulnerable groups of the population, and supporting socio-economic recovery. In addition, it is necessary to maintain macroeconomic policies aimed at achieving stability or progress in restoring key balance sheets, making progress on reforms that will improve public financial management, including domestic revenue mobilization, and making progress in making budget information available to the public. It is planned that the amendment to the Financing Agreement between the Government of Moldova and the European Commission under the “State Consolidation and Sustainability Contract for the Republic of Moldova” will be signed on July 15.// 13.07.2022 — InfoMarket
