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EU Commission Proposes Eur 100 mln assistance to Moldova

To help the country meet its short-term financing needs

13 January, 13:44

(ANSA) - BRUSSELS - The European Commission has today granted a request by the Republic of Moldova by proposing a Macro-Financial Assistance (MFA) programme of up to EUR 100 million. The proposed assistance would help the country meet its short-term financing needs.

Up to EUR 40 million of the MFA would be provided in grants and up to EUR 60 million in medium-term loans at favourable financing conditions.

Valdis Dombrovskis, Vice-President for the Euro and Social Dialogue, also in charge of Financial Stability, Financial Services and Capital Markets Union, said: 'This assistance will help Moldova meet its most immediate financing needs and stabilise its economy. At the same time, we are confident that the conditions related to this financing will contribute to improving economic governance in the country and encourage vital reforms.' Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said: 'Moldova's recent efforts to pursue stability-oriented policies and tackle long-standing vulnerabilities must be sustained. Today the Commission is providing further support for the country as it works to preserve macroeconomic stability, improve governance and achieve more sustainable and inclusive growth.'

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