The MPs ratified the €20 million loan agreement between the Government of the Republic of Moldova and the Government of Poland. The money will be used to finance state budget needs, including to manage the Ukrainian refugee crisis, IPN reports.

The loan will be disbursed in one tranche within three months of the coming into force of the agreement and will be repaid in 20 years in one installment. The interest rate is 0.01% a year and will be paid in 20 years.

The loan agreement between the Government of the Republic of Moldova and the Government of Poland was signed on April 8, 2022 in Warsaw by the Prime Minsters of the two countries.

The relevant bill was given two readings.