ADVERTISEMENT

EP approves EUR 150 mln macro-financial assistance for Moldova

EU

Image by Botond Horvath / Shutterstock.com

The European Parliament said on Thursday it will provide EUR 150 million in macro-financial aid to Moldova to help it cover part of its external financing needs.

The EUR 120 million in loans and EUR 30 million in grants will be paid out in three installments until 2024, and the first tranche is planned for this summer, the EP said in a press release.

For the money to be disbursed, Moldova must show good progress in implementing a macroeconomic program set up by the International Monetary Fund (IMF), the EP said.

Moldova also has to put in place additional policy measures to be co-signed with the EU to, among other issues, recover assets lost after bank fraud in 2014, reform public finance management, justice sector, public procurement, and improve labor sector rights.

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan Debt

ÁKK Sells HUF 82.5 bln of Bonds at Auction, Above Plan

Gov't Launches HUF 150 bln Job Placement Scheme for Over-30s Government

Gov't Launches HUF 150 bln Job Placement Scheme for Over-30s

HU-rizon Program: HUF 8 bln Funding for International Resear... Science

HU-rizon Program: HUF 8 bln Funding for International Resear...

Inspiring Women at the Focus of Gourmet Fest In Budapest

Inspiring Women at the Focus of Gourmet Fest

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.