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The French Development Agency (AFD) will provide Moldova with a 40-million-euro loan and a 1.2-million-euro grant to strengthen the forestry sector.

The French Development Agency (AFD) will provide Moldova with a 40-million-euro loan and a 1.2-million-euro grant to strengthen the forestry sector.

The parliament's press service reported this, noting that the commission for foreign policy and European integration approved the launch of negotiations to sign the relevant loan agreement. The funds are meant for the implementation of reforms in the forestry sector and its modernization, in line with all the EU normative acts, as well as Moldova's commitments undertaken within the international agreements. The loan agreement between Moldova and the French Development Agency is meant to put into practice the provisions of the memorandum of agreement on reforms in the forestry sector, which the Moldovan government and the French Development Agency signed on October 17, 2023, in Chisinau, within the Moldova Support Platform. The Memorandum of Understanding provides for a loan based on development policies in the amount of 40 million euros. The loan will be repaid in equal installments of 20 million euros: the first tranche in 2024 and the second in 2025. Moldova will have to gradually implement the roadmap, which describes 20 specific reform measures proposed under the AFD financing program. The measures were identified following the first assessment report of the Moldovan forest sector, developed with the participation of Moldsilva and its regional representatives, scientific and university institutions, and local specialists. The implementation of the 20 measures will contribute to achieving the objectives set in the National Program of Forest Expansion and Reforestation for 2023-2032 and in the Action Plan for its implementation for 2023-2027, including action No. 6 of the Moldovan Government's National Plan "Building a European Moldova". // 04.12.2023 - InfoMarket.

News on the subject

A new stage of the EBRD consulting program on small business support has been launched in Moldova with Italy allocating 500 thousand euros for this purpose.
A new stage of the EBRD consulting program on small business support has been launched in Moldova with Italy allocating 500 thousand euros for this purpose.
Moldova will receive a grant of €34.03 million from Norway for gas procurement and storage under the EBRD's "Moldova Gas Security Supply Project".
Moldova will receive a grant of €34.03 million from Norway for gas procurement and storage under the EBRD's "Moldova Gas Security Supply Project".
The EBRD will provide Moldova with an additional 165 million euros loan for natural gas procurement.
The EBRD will provide Moldova with an additional 165 million euros loan for natural gas procurement.
The European Commission will allocate a grant of 20 million euros to modernize the railway corridor Valcinet - Ocnita - Balti - Ungheni - Chisinau - Cainari.
The European Commission will allocate a grant of 20 million euros to modernize the railway corridor Valcinet - Ocnita - Balti - Ungheni - Chisinau - Cainari.
15 Moldovan companies will have access to grants from 200 thousand to 600 thousand lei for investments in business development, greening, digitalization and internationalization.
15 Moldovan companies will have access to grants from 200 thousand to 600 thousand lei for investments in business development, greening, digitalization and internationalization.
Projects from Moldova can take part in the grant program of the US Ambassadors Fund for the Preservation of Cultural Heritage and receive funding from $10 thousand to $500 thousand.
Projects from Moldova can take part in the grant program of the US Ambassadors Fund for the Preservation of Cultural Heritage and receive funding from $10 thousand to $500 thousand.