In 2017 Moldova expects to get credits at a total amount of MDL 7 billion 397.2 million ($362.6 million) to support the budget and continue externally-funded projects.
This is provided for by the draft law on the 2017 state budget approved by the government. By estimates of the Finance Ministry, to continue the implementation of externally-funded projects Moldova will get MDL 3 billion 992.5 million ($195.7 million), while to support the budget it will receive MDL 3 billion 404.7 million ($166.9 million).
In 2017 the World Bank will be Moldova’s major lender, allotting to the country, through the International Development Association, loans totaling MDL 1 billion 707.4 million ($83.7 million). 54.1% of this amount will be assigned to externally-funded projects, while 45.9% will be allotted to the budget support. In particular, the loans made available through IDA and meant to support Moldova’s budget will be allocated as follows: $30 million (MDL 612 million) to DPO initiatives; $5.4 million (MDL 109.4 million) to the education reform; $1.2 million (MDL 24.1 million) to modernization of the health sector; $1 million (MDL 20.4 million) to competitiveness enhancement and $0.8 million (MDL 17.3 million) to the social aid reform.
Besides, Moldova will receive MDL 1 billion 155 million ($56.6 million) from Romania as a loan to support the budget and MDL 924 million ($45.3 million) from the European Commission as macro financial aid. The European Investment Bank is expected to provide Moldova with MDL 1 billion 263.9 million ($62 million). IMF will bail out Moldova with MDL 542.6 million ($26.6 million) through its Extended Fund Facility and Extended Credit Facility (EFF/ECF). (InfoMarket/Business World Magazine)