The Republic of Moldova and the European Union on Thursday signed
\nthe documents for a financial aid package worth \u20ac100 million, of which \u20ac40
\nmillion non-reimbursable funding. Moldova is expected to receive the funds by
\nthe end of the year and must invest it in four development programs. The
\ndocuments underlying the financial deal will be submitted to the Moldovan
\nParliament for approval. <\/p>\n
<\/p>\n
Meanwhile, Chisinau authorities are making efforts to
\nfulfill all requirements for disbursing the first installment of the loan.
\nAccording to Radio Chisinau, several MEPs and Moldovan politicians had insisted
\nthe financial aid be postponed after Parliament had changed the election
\nsystem, despite being advised against it by the Venice Commission. <\/p>\n
<\/p>\n
On the
\nsidelines of the Eastern Partnership Summit, the European Council President
\nDonald Tusk and Moldovan Prime Minister Pavel Filip discussed the
\nimplementation of Moldova’s Association Agreement with the European Union and
\nthe developments in Moldova. Tusk highlighted the fact that the Republic of
\nMoldova is one of the most important members of the Eastern Partnership,
\ncommending Moldovans’ confidence in the EU. <\/p>\n
<\/p>\n
In turn, Filip reiterated his
\ncountry’s efforts to join the community bloc, which is transparent in recent
\nsurveys, showing an increased support from Moldovan citizens for their
\ncountry’s EU accession. Pavel Filip reassured Tusk that his Government’s list
\nof priorities includes securing the independence of the judiciary, continuing
\nefforts to investigate bank fraud and hold the people involved accountable, as
\nwell as implementing the new election law in line with the recommendations of
\nthe Venice Commission. <\/p>\n
<\/p>\n
In another development, Moldova’s Justice Minister
\nVladimir Ceboratri has stated in Bucharest that his country relies on Romania’s
\nsupport for its EU accession. Western leaders have voiced concern over the
\nlevel of corruption in Chisinau, which in 2014 led the mysterious disappearance
\nof $1 billion, the equivalent of 15% of its GDP, by means of a massive bank
\nfraud. <\/p>\n
<\/p>\n
For fear they might see their funds sucked into a black hole, the EU,
\nthe IMF and the World Bank have temporarily suspended their financial
\nassistance to Chisinau. At the time
\nRomania was the only country that gave \u20ac150 million to Moldova on loan over a
\nfour and a half years period, at a preferential interest rate of 1.45%. (Translated by Vlad Palcu)<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
Moldova will get additional funds from the European Union<\/p>\n","protected":false},"author":107,"featured_media":75566,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37738],"tags":[32064,39122,39121,29831,29007],"coauthors":[],"class_list":["post-75565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-today-in-the-news","tag-eastern-partnership","tag-european-council-president-donald-tusk","tag-financial-aid-package","tag-pm-pavel-filip","tag-republic-of-moldova"],"acf":[],"yoast_head":"\n