Moldova to Receive 100 Million Euros of EU Aid

Brussels, Moldova will receive up to 100 million euros (106 million dollars) of EU assistance to meet its most pressing financing needs, the European Commission said Friday.

The country will be provided with up to 40 million euros in grants and up to 60 million euros in medium-term loans with favourable conditions, the commission decided in response to a request by Moldova, dpa reported.

The disbursement of the funds, which also needs to be approved by EU member states and the European Parliament, is dependent on Moldova’s implementation of policy reforms that aim to strengthen its economy and economic governance system.

Source: Qatar News Agency