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Moldovan parliament ratifies contract on loan with French Development Agency

11:48 | 14.07.2022 Category: Economic

Chisinau, 14 July /MOLDPRES/ - The parliament today ratified the draft of the contract on loan between Moldova and the French Development Agency.

Under the document, Moldova will benefit from assistance worth 15 million euros for financing the state budget’s needs, including for health services, education and social transfers.

According to the draft, the loan will be provided with a fixed interest rate of 1.38 per cent annually for a 15-year repayment period and a grace period of five years. The money will be disbursed in a single installment till 30 November this year..

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