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The financial assistance of 1.8 billion euros provided to Moldova by the European Union within the Economic Growth Plan includes 300 million euros in grants and 1.5 billion euros in loans under very favorable conditions

The financial assistance of 1.8 billion euros provided to Moldova by the European Union within the Economic Growth Plan includes 300 million euros in grants and 1.5 billion euros in loans under very favorable conditions

This was reported by the EU Permanent Delegation to Moldova, noting that, for instance, Moldova will start the payment in 10 years, beginning from 2034, which will grant the economy enough time to develop. The payment period will be up to 40 years. The rate, which is approximately 3%, is much lower than the rate at which Moldova can currently receive loans. The EU is allocating funds for the following purposes: new roads, bridges and railroad infrastructure; energy security - to complete a new power transmission line and start construction of two more, which will connect Moldova to the EU power grid; construction of two new well-equipped hospitals in Cahul and Balti; improving access to finance for 25,000 enterprises, including small family businesses, etc. The EU is also providing funds for the construction of a new electricity transmission line. Moldova's 1.8 billion euros Economic Growth Plan was announced in Chisinau the day before by European Commission President Ursula von der Leyen. // 11.10.2024 - InfoMarket.

News on the subject

The EU will mobilize 2.5 billion euros in new investments from international financial institutions and the private sector at the expense of Moldova's Reform and Growth Fund
The EU will mobilize 2.5 billion euros in new investments from international financial institutions and the private sector at the expense of Moldova's Reform and Growth Fund
The European Union will allocate about 1.8 billion euros to Moldova in the next 3 years - the largest financial aid package since the country's independence
The European Union will allocate about 1.8 billion euros to Moldova in the next 3 years - the largest financial aid package since the country's independence
Moldova is a strategic partner and future member of the European Union and the EU will continue to support it on this path
Moldova is a strategic partner and future member of the European Union and the EU will continue to support it on this path
Moldova will receive $40 million (37.4 million euros) from the WB to implement the Disaster Risk Management and Resilience Support Project
Moldova will receive $40 million (37.4 million euros) from the WB to implement the Disaster Risk Management and Resilience Support Project
The Parliament of Moldova is open to cooperation with the IMF and will continue to support the strengthening of the financial and banking system - Igor Grosu
The Parliament of Moldova is open to cooperation with the IMF and will continue to support the strengthening of the financial and banking system - Igor Grosu
The issue of selling land to foreigners is decided by the Moldovan government, not by the EU, but European integration implies “free movement of capital” - Janusz Wojciechowski
The issue of selling land to foreigners is decided by the Moldovan government, not by the EU, but European integration implies “free movement of capital” - Janusz Wojciechowski