The cabinet of ministers today approved the draft laws on the ratification of the agreements on grant and loan between Moldova and the European Union on macro-financial assistance for Moldova and the related memorandum of understanding, signed in Brussels on 23 November 2017, the government’s communication and protocol department has reported.

The macro-financial assistance provided to Moldova is worth 100 million euros in all, of which 60 million euros will be offered as loan and 40 million euros – as grant. The financial resources will be earmarked in three equal installments, depending on the progress made in the implementation of the provisions of the memorandum with the International Monetary Fund and the conditions set between Moldova and the European Union.

The macro-financial assistance on behalf of EU will contribute to the creation of a stable macroeconomic framework in Moldova, friendly for implementing the structural reforms.

The package of documents is to be submitted to parliament for consideration.

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