Economic

Energy sector in the Republic of Moldova will be modernized with the financial support of the French Development Agency

The Republic of Moldova will benefit from a 25 million euro loan and a 1.2 million euro grant from the French Development Agency (AFD). According to the Legislative, the money will be granted for the modernization of the energy sector. The credit facilitation agreement between our country and AFD was ratified by Parliament.

The maturity of the loan is 15 years, including the five-year grace period. The loan will be repaid semi-annually, in 20 equal installments. The money is intended for the implementation of reforms in the field of energy infrastructure, energy efficiency, renewable energy, consumer protection and the environment.

It should be noted that previously, the French Development Agency also granted our country financial support of 40 million euros. The support came after, in 2023, the Memorandum of Understanding "Green Reform for Moldova" was signed.

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International

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International

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Economic

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