Moldova to negotiate €5m loan with KfW Entwicklungsbank

The Government of Moldova approved the initiation of negotiations on signing a €5 million loan agreement with the German bank KfW Entwicklungsbank. The loan is designed to improve social infrastructure and energy efficiency, Info-Prim Neo reports. Minister of State Victor Bodiu was empowered to sign the agreement. The money will be used to achieve the medium-term objectives of the Rethink Moldova program. According to Victor Bodiu, there will be financed projects to supply schools and kindergartens with water, gas and heat. Sections of local roads will be repaired all over Moldova.