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.
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