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Posted by: Golban Ionela

News / Economic

24 Nov. 2022 / 15:20

The Republic of Moldova will benefit from a grant of $19.6 million from the USA

Our country will benefit from non-refundable financial assistance in the amount of $19.5 million, additionally granted by the United States of America. The project was approved in today's session of the Parliament, reports Radio Moldova.

The money will be invested to strengthen the energy security of the Republic of Moldova and diversify the supply of natural gas, states the state secretary at the Ministry of Finance, Ion Gumene.

"As a non-refundable contribution within the Agreement for the Consolidation of the Energy Security of the Republic of Moldova and the reduction of dependence on the Russian Federation by connecting the key elements of the energy sector of the Republic of Moldova with the European systems. The second amendment is the completion of the agreement with the terms and conditions of the non-reimbursable budget support in the amount of $30 million which is to be offered until the end of the year and will ensure the reimbursement to the Government of the Republic of Moldova of payments for electricity purchases from Ukrainian suppliers" , mentioned Ion Gumene. 

After granting the additional financing, the Republic of Moldova will benefit, in total, from non-reimbursable assistance in the amount of over $172 million.

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