Second tranche of Romanian loan to be disbursed at end-February

The second tranche of the Romanian loan of €150 million will be disbursed at the end of February. The Government of Romania on February 16 approved the decision that enables to withdraw the €50 million. The request to receive the second tranche was transmitted by the Ministry of Finance of Moldova this January, IPN reports.

The first tranche of €60 million was transferred to Moldova last August. The loan is repayable in five years, at an interest rate of 1.5%.

The financing agreement signed in October 2015 does not stipulate the loan repayment schedule, but says that the money will start to be repaid after Moldova gets the last tranche.

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