The government approved the ratification of the amendment, which will allow receiving about $50 million in grant assistance from the United States to overcome the energy crisis and strengthen energy security.
In particular, the Cabinet of Ministers at a meeting on Wednesday approved the draft ratification of the 14th amendment signed by the parties to the Development Assistance Agreement concluded on September 28, 2016 between the governments of the Republic of Moldova and the United States for sustainable economic growth based on European integration. This amendment to the Agreement on Development Goals, which was signed by Moldovan Finance Minister Dumitru Budianschi and USAID Moldova Mission Director Scott Hocklander, will allow the use of $30 million in financial assistance provided to Moldova in the form of a grant to reimburse the cost of purchasing electricity. At the same time, this amendment will unlock $19.5 million in aid for projects to strengthen Moldova's energy security and reduce its dependence on Russia. In particular, it provides for a $19.5 million grant to reduce dependence on Russia by connecting key elements of the Moldovan energy sector to European systems, as well as to attract investment in local energy production, diversify natural gas supplies and improve energy efficiency. The amendment also provides for the establishment of terms and conditions for a grant of $30 million in budget assistance from the United States Agency for International Development (USAID), and this money will be used to overcome the energy crisis in the electricity component. In particular, the funds will be used to cover the purchase of electricity from Ukrainian suppliers in May-September 2022. The total amount of non-repayable assistance as a result of an amendment to this agreement will be approximately $172.73 million. // 16.11.2022 – InfoMarket
