Government: Small and medium-sized enterprises will benefit from low-interest loans
The Cabinet of Ministers approved the Regulation of the Fund for Entrepreneurial and Economic Growth of Moldova (FACEM), administered by the Organization for Entrepreneurial Development, which will offer loans, but also total or partial compensation of the costs of loans or other financing advantages offered to businesses.
Through this new program, businesses in the strategic and priority areas of the national economy will have easier access to financing businesses with potential for growth and development, respectively, jobs will be created and maintained, reads a Government statement. "The FACEM fund will stabilize the economy, help overcome the economic crisis, especially the inflationary one generated by the crisis in the region. Thus, we will have more jobs, more modern technologies, higher investments, higher productivity and competitive salaries", said the Minister of Economic Development and Digitalization, Dumitru Alaiba. "It is a very important project. We need to make sure we capitalize as much as we can on this FACEM fund. Let's make the products simple, let them be known by the business environment and collaborate together with the banks, because the banks still have a lot of liquidity, we have to think about how to facilitate SME lending through the state's guarantee instruments", said Prime Minister Dorin Recean. The FACEM fund will be financed from the state budget and from the sources of development partners and will give entrepreneurs access to low-cost financing. The state contribution for 2022 is worth 70 million lei. For the period 2023 - 2025, additional capitalization in the amount of approximately 2.77 billion lei is expected.
