WB to allocate $ 25 mln to Moldova

WB to allocate $ 25 mln to Moldova
# 04 May 2010 09:11 (UTC +04:00)
Baku - APA-Economics. Republic of Moldova Executive decided to start the negotiations with the International Development Association to take a loan of $25 million to improve the economy, neurope reported.

The Cabinet of Ministers determined the negotiations in an adopted decision. Minister of Finance, Veaceslav Negruta, said the loan may be offered for a term of 20 years with a rate of interest of 0,75% per year. The funds may be used for the re-launching of the economy, especially for the resumption of exports and private investments and social protection during fiscal correction. The Executive says the goal of the agreement is to support the implementation of development policies for economic recovery, as well as the implementation of Economic Re-launching Program.


#
#

THE OPERATION IS BEING PERFORMED