Society Top News

Moldova to raise US$100m loan from Japan

The Cabinet approved the signing of a loan agreement with the Japan International Cooperation Agency. It goes to a loan of 13.5 billion Japanese yen, which is equal to about US$100 million. The money will be used to implement development policies, IPN reports.

The agreement also envisions the co-financing of the World Bank program Moldova Emergency Response, Resilience and Competitiveness Development Policy Operation 2.

The given agreement does not amend, does not implement and does not substitute any of the existing agreements. The loan will be repayable in 30 years with a grace period of ten years.

Related posts

Appointment of SCM members is a first victory of promoters of justice sector reform, opinion

AlbasatTV, Nisporeni

Ambassador of Ukraine: Russia loses when it does not nave West-European allies

AlbasatTV, Nisporeni

Social canteens in Moldova are run with insufficient funds, study

AlbasatTV, Nisporeni

Leave a Comment