photo source: imagine simbol
Posted by: Daniela Socolovschi
News / Economic
04 Aug. 2020 / 19:24
Moldova and CEB signed a 70-million-euro loan
Moldova will receive 70 million euros from the Council of Europe Development Bank (CEB) to mitigate the impact of COVID-19 on healthcare and employment. An agreement in this regard was signed today by the Minister of Finance Sergiu Puşcuţa and the Governor of the Council of Europe Development Bank, Rolf Wenzel, reports Mesager.
40 million euros will be provided for healthcare and will finance the following types of expenses: acquisition of medical equipment and consumables, rehabilitation and transformation of medical spaces / units, mobilization of additional expertise and to ensure emergency response to COVID-19.
Another 30 million euros - for the investment needs of micro, small and medium size enterprises. The financial means will provide financing for working capital and the investment needs of SMEs affected by the crisis, helping them to keep viable jobs. This component will be achieved by re-accrediting the final beneficiaries through the participating financial institutions.