The Republic of Moldova is borrowing 20 million euros from the Government of Poland in order to finance the needs of the state budget, including for the management of the flow of refugees from Ukraine. Parliament ratified the Loan Agreement between the two Governments yesterday, May 26th, in plenary, in both readings.
According to the agreement, the resources will be provided by Poland in a single installment, within up to three months from the date of entry into force of the agreement.
Likewise, the repayment will be made in a single installment, the maturity of the loan being 20 years. The interest rate is 0.01% per annum and will be paid in 20 years.
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The loan agreement between the Government of the Republic of Moldova and the Government of the Republic of Poland was signed on April 8, in Warsaw, by the heads of the two Governments.