Finances

​ ROMANIA PROVIDES CREDIT TO MOLDOVA WITH 1.45% INTEREST RATE

26 august, 2016

The Romanian Government is providing to the Moldovan Government a credit at the market price, which provides the payment of interest rate worth 1.45%, Romanian Finance Minister Anca Dragu said at the Thursday’s press conference in Chisinau, reminding that the credit was provided for 2.5 years.


According to her, the payment of the first tranche worth 60 million euros before the International Monetary Fund (IMF) Board of Directors appointed the agreement with Moldovan Government, signed in July 2016, means recognizing of reforms that are being and will be conducted in Moldova in the coming three years.

“These reforms were provided in the Moldovan Government agreement”, Dragu said, adding that 60 million will go on financing 2016 state budget expenditures.

According to the Romanian Minister, the stabilization of public finances will allow the Moldovan Finance Ministry to loan money in internal and external markets at more attractive conditions, because thus the creditors’ risks are considerably falling.

Anca Dragu confirmed that Moldova will receive the second and the third tranches from the 150 million euros Romanian credit only after the IMF Board of Directors approves the cooperation agreement with the Moldovan Government.

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