The Republic of Moldova will benefir from a credit of over 90 million euros from Japan
The Republic of Moldova will benefit from a preferential credit of 13.5 billion yen (over 90 million euros), granted by the Government of Japan through the Japan International Cooperation Agency (JICA). The draft law in this sense was voted today in the second reading by the Parliament.
Thus, the financial means will be offered to cover the budget deficit, as well as to support the reforms in the Republic of Moldova.
"In particular, they aim at the economic recovery of our country, the improvement of the medical system and the business field, financial assistance contributing to the promotion of the development efforts of the Republic of Moldova.
Also, the agreements assume that the Republic of Moldova will respect certain conditionalities, some of which are aimed at improving the medical system and promoting small and medium-sized enterprises", reads the statement of the Legislative.
The loan will be contracted for a period of 40 years, including the ten-year grace period. The money will be disbursed for two years from the date of signing the agreement.
