The Government is expecting that the €150 million aid approved today by the European Parliament will be effectively available in July. This was stated by Finance Minister Dumitru Budianschi during a press conference.

“We hope that this program will arrive in Moldova sometime around July, when all the approval procedures are completed”, said Budianschi.

Of the €150 million, €30 million is non-reimbursable and the rest is a loan.

The European Union today voted to make available €150 million in macrofinancial aid to cover part of Moldova’s budget deficit evaluated at 1.2% of GDP. To effectively get hold of the money, the Moldovan government needs to demonstrate significant progress in implementing the IMF macroeconomic program. The assistance will be offered in three installments until 2024.