The €40 million foreign financing provided by the Federal Republic of Germany in non-reimbursable budget support was transferred to the accounts of the Ministry of Finance, IPN reports.

The money is designed to help Moldova implement the government program “Meter Assistance” as part of which the population will benefit from energy subsidies for November 2022 – March 2023.

A financing agreement to this effect between the German Development Bank KfW and the Republic of Moldova, represented by the Ministry of Finance, was signed in Chisinau on November 18. The funds under the German development cooperation were announced by the Federal Government in the second Moldova Support Platform conference held in July in Bucharest.