Infomarket

Publications of the part

Canada is ready to provide Moldova with a loan of 120 million Canadian dollars ($87.5 million) to finance the needs of the state budget.

Canada is ready to provide Moldova with a loan of 120 million Canadian dollars ($87.5 million) to finance the needs of the state budget.

This is provided for by the draft corresponding agreement on the credit line, which the parties intend to sign. The Ministry of Finance published a draft resolution on the start of negotiations on it, inviting the government to approve a group of negotiators led by Secretary of State of the Ministry of Finance Ion Gumene. As noted, on February 16, the Ministry of Finance of Moldova received from the Canadian Embassy in Romania, Bulgaria and Moldova an offer to receive a loan of 120 million Canadian dollars from the Canadian government. As part of its consideration of this proposal, the Ministry of Finance indicated its interest in entering into this loan agreement with the Government of Canada through Global Affairs Canada. The purpose of the loan agreement is to finance the needs of the state budget and implement the program proposed to Moldova by the World Bank “Policy for the development of operations to support growth and sustainability in Moldova”, which will be signed between Moldova and the International Bank for Reconstruction and Development (part of the WB group) in the near future. Thus, the allocated funds will be used to support the budget to improve the resilience of refugees and households; promoting sustainable growth through increased competition and private sector-led economic growth; supporting climate resilience in Moldova and transition to green energy. The loan repayment period is 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, the interest rate was 3.73042%. After signing, the loan agreement must be ratified by the Parliament of Moldova.// 20.06.2024 — InfoMarket.

News on the subject

The state budget deficit of Moldova for 2024 is planned to increase by 1 billion 187.8 million lei - to 16 billion 777.8 million lei against the background of a decrease in its revenue side by 801.5 million lei and an increase in the expenditure side - by 386.3 million lei.
The state budget deficit of Moldova for 2024 is planned to increase by 1 billion 187.8 million lei - to 16 billion 777.8 million lei against the background of a decrease in its revenue side by 801.5 million lei and an increase in the expenditure side - by 386.3 million lei.
In Q1 2024, Moldova received external state loans worth $51.5 million (equivalent to 916.6 million lei), which is $132.1 million (71.9%) less than in the same period of 2023.
In Q1 2024, Moldova received external state loans worth $51.5 million (equivalent to 916.6 million lei), which is $132.1 million (71.9%) less than in the same period of 2023.
The SME Alliance is conducting a survey for the SME White Paper.
The SME Alliance is conducting a survey for the SME White Paper.
Moldova plans to organize textile waste management and a mandatory system of extended producer responsibility in this area.
Moldova plans to organize textile waste management and a mandatory system of extended producer responsibility in this area.
Moldova has strengthened its legal and institutional framework to combat money laundering and terrorist financing, but it still needs to address a number of shortcomings – MONEYVAL.
Moldova has strengthened its legal and institutional framework to combat money laundering and terrorist financing, but it still needs to address a number of shortcomings – MONEYVAL.
Moldova plans to organize textile waste management and a mandatory system of extended producer responsibility in this area.
Moldova plans to organize textile waste management and a mandatory system of extended producer responsibility in this area.