The €600 million economic recovery program for the next three years approved by the European Commission for the Republic of Moldova will be channeled into five essential pillars, President Maia Sandu stated in a news conference held jointly with Deputy Director General for Neighborhood Policy and Enlargement Negotiations Katarína Mathernová, IPN reports.

About €220 million will go to ensure the correct management of public funds, approximately €100 million - to support small and medium-sized enterprises and projects in communities in Moldova, €230 million – to finance works in infrastructure.

“I want to note here that this pillar contains measures to conserve the Nistru River and to ensure the better management of water resources. I remind you that this was our concrete request at the discussions we had in January during the visit to Brussels,” stated President Sandu.

Education is the next pillar to which €25 million in support will be directed. Another €25 million will go to the pillar that covers the justice sector reform, the fight against corruption and strengthening of state institutions’ capacities.

“We realize very well that these resources can be materialized if a serious effort is made by all the institutions of the country so that this money is used in the interests of the citizen. We need clear evidence that the institutions in the Republic of Moldova can fight corruption and reform the judicial system and can improve the business climate,” said Maia Sandu.

“All the state institutions should do their job so that we could benefit from this assistance.”

The program is based on a combination of instruments. A large part of the money is donated, while the other part represents loans released according to very good conditions.