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EC approves EUR 150 mln macro-financial aid for Moldova

EU

The European Commission said on Tuesday it adopted a proposal to grant Moldova a new macro-financial assistance (MFA) of up to EUR 150 million to help the country cover part of its external financing needs over the coming two years.

Some EUR 120 million of the financial assistance would be provided in medium-term loans at favorable financing conditions, while the remainder would be provided in grants, the commission said in a press release.

The proposed MFA, which requires adoption by the European Parliament and the Council before it can enter into force and disbursements can be made, would accompany Moldova's new IMF USD 591 million funding program, approved on December 20. 

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