Economic

Canada will grant budget support to the Republic of Moldova in the amount of 120 million Canadian dollars

Canada will grant budget support to the Republic of Moldova in the amount of 120 million Canadian dollars (about 80 million euros). The funding will support vulnerable families, integrate Ukrainian refugees, promote sustainable economic growth and support climate resilience and the green energy transition.

The Parliament ratified the Loan Facilitation Agreement between the Ministry of Finance of the Republic of Moldova and His Majesty King of Canada signed on September 6.

According to the Legislative, the loan will be disbursed in two installments. The maturity of the loan is ten years, including the three-year grace period.

The money will be granted to finance the needs of the state budget and to fulfil the Program offered by the World Bank " Supporting Growth and Resilience Development Policy Operation Project".

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