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. 

ADVERTISEMENT

Sharp Rise in Energy Costs Putting Strain on Competitiveness Analysis

Sharp Rise in Energy Costs Putting Strain on Competitiveness

Parl't approves 2023 budget Parliament

Parl't approves 2023 budget

Danubius Hotels Appoints Group Director of Development Appointments

Danubius Hotels Appoints Group Director of Development

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim... City

3 Downtown Districts Planning to Introduce 30 km/h Speed Lim...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.