This autumn, the Republic of Moldova could benefit from a new installment of the 1.9 billion euro financial aid announced by the European Union. This is stated by the Deputy Prime Minister for European Integration, Cristina Gherasimov, who specifies that the exact amount of the new installment will depend on the quality of the reforms implemented by the authorities, reports IPN.
“The sum of 270 million euros represents the disbursement of the first pre-financing tranche. It is true that there has been much talk about this tranche, but the bureaucracy of Brussels is a complex process. However, it is a record time compared to other countries that also benefit from economic growth plans. For the Republic of Moldova, the disbursement of pre-financing was made in a record time,” declared Cristina Gherasimov during the “Pe Fata” show on the public television station.
The Deputy Prime Minister explained that the following sums will be disbursed based on the progress the Government will make in implementing the reform agenda, agreed with European partners. Disbursements will take place twice a year, for three years.
“The next funds will be disbursed according to the reform agenda that has been adopted by the Government, over the next three years. The money will be disbursed twice a year, depending on the evaluation of the implemented reforms. The next installment to be disbursed following the already implemented reforms is expected to take place this fall. We cannot say now what the amount will be, as it will depend on the reforms carried out by the Government”, specifies the Deputy Prime Minister.
Cristina Gherasimov emphasized that the first installment of pre-financing, amounting to 270 million euros, will not just remain on paper, but will be reflected in concrete projects that will bring direct benefits to the citizens.
“The first installment of 270 million euros will go into concrete projects. Over 200 kilometers of regional roads will be rehabilitated. For 100 localities, they will manage to see the rehabilitation of local roads, which have not been rebuilt for decades. Children’s canteens will be renovated. All children from grades V-IX will have renovated canteens,” added Cristina Gherasimov.
According to the authorities, the economic assistance plan worth 1.9 billion euros granted by the EU aims to support the Republic of Moldova in the process of modernization and European integration, with a focus on infrastructure, education, and support for entrepreneurs.
