The second installment of the €150 million loan offered by Romanian will be released only after Moldova secures an agreement with the International Monetary Fund, stated Romania’s Prime Minister Dacian Ciolos visiting Chisinau, IPN reports.

“The release date will be discussed with the Government of the Republic of Moldova and may take place after this IMF agreement becomes a certainty. So, after there’s a decision by the IMF board, we can proceed to talks on how and when this second tranche is going to be delivered”, stated Dacian Ciolos.

Commenting on the freshly released first installment of €60 million, the Moldovan Prime Minister Pavel Filip, said the money is destined for budget support and will be used in social areas where investment is needed. “We will show seriousness and will demonstrate that this loan is being used efficiently”, he added.

The €60 million installment reached Chisinau yesterday. The loan is offered for a period of 5 years at an interest rate of 1.5%.