EC allocates €40 million to Moldova for urgent needs of the country and acceleration of reforms
The European Commission (EC) has allocated €40 million to Moldova in the form of a macro-financial assistance loan. This money is part of the second tranche in the amount of €50 million. In early April 2023, the EU transferred €10 million to Chisinau in the form of grants.
The EC noted that this step represents an important support from the EU for one of the countries that has been hit hard by the hostilities in Ukraine. About this on Wednesday, May 2, reported on the website of the European Commission.
They believe that the conflict in the neighboring country has had a significant impact on the Moldovan economy, exacerbating pre-existing problems. The funds will help Moldova meet the country’s acute funding needs and accelerate reforms, the report says.
At the end of April, it was reported about the decision of the EU to allocate €10 million to Moldova to help Ukrainian refugees. In addition, the EU will provide the Moldovan side with 36 electric generators for hospitals.