
The German government will provide Moldova with a grant of 10.7 million euros to support the development of small and medium-sized businesses.
As reported by the Ministry of Economic Development and Digitalization, in early August, an assessment mission of the German Development Bank (KfW) visited Moldova, which analyzed and assessed the prospects for the future project "Support for the development of small and medium-sized businesses in Moldova". This 3-year project will be funded by the German government, which will provide 10.7 million euros under the Stability Pact for South East Europe. The funds will be used to refinance investment loans issued to Moldovan small and medium-sized enterprises through the Enterprise and Economic Growth Fund (FACEM), managed by the Enterprise Development Organization. // 29.08.2023 — InfoMarket