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Moldova is expecting a loan of 120 million Canadian dollars (about $88 million) from Canada.

Moldova is expecting a loan of 120 million Canadian dollars (about $88 million) from Canada.

This is envisaged by a draft agreement on a credit line, the start of negotiations on which was approved by the Parliamentary Committee on Foreign Policy and European Integration. As the press service of the parliament reported, the funds will be used to finance the needs of the state budget. Also, the financial assistance allocated by Canada will complement the program proposed to our country by the World Bank “Moldova-Supporting Growth and Resilience Development Policy Operation”, which will be signed in the near future. It is planned that the loan will be provided to Moldova for 10 years. After signing, the loan agreement must be ratified by the Parliament of Moldova. As InfoMarket previously reported, according to the Ministry of Finance, it is assumed that Moldova will receive a loan of 120 million Canadian dollars from Canada for a period of 10 years, including a grace period of 4 years. The loan will be repaid annually and the interest rate is fixed and equal to the rate at which the Government of Canada borrows, determined based on the zero-coupon yield curve for Canadian government bonds published by the Bank of Canada, effective on the date of signing of the Agreement. On May 29, this interest rate was 3.73042%. // 08.07.2024 – InfoMarket.

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