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Posted by: Daniela Socolovschi
News / Economic
27 May 2020 / 16:25
Moldova will negotiate with CEB a loan worth 70 million Euros
The Republic of Moldova will negotiate with the Council of Europe Development Bank (CEB) a loan agreement, worth 70 million euros, for the implementation of the project "Emergency Response to COVID-19 and Support for Micro, Small and Medium Enterprises ". A draft in this regard was approved on Wednesday by the Parliamentary Committee on Foreign Policy and European Integration, reads a press release of the Parliament.
The project "Emergency Response to" COVID-19 and Support for Micro, Small and Medium Enterprises" has two components: The "Health" component, worth 40 million Euros, is intended for the procurement of medical equipment and the provision of emergency response measures at "COVID-19".
The “Support for Micro, Small and Medium Enterprises” component, amounting to 30 million Euros, provides for the financing of the working capital and investment needs of the entities affected by the crisis, in order to maintain jobs.
According to Moldovan government estimates, the financial resources under the loan will cover "COVID-19" expenditures in the 2020-2022 budgetary period.
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