The Republic of Moldova will benefit from additional funding of $63 million from the Government of the United States of America (USA) as a grant under the two agreements signed by the Government of the Republic of Moldova and the Government of the USA on September 28, 2016.
The government approved the projects regarding the initiation of negotiations and the approval of the signing of two Amendments to the Assistance Agreement for the consolidation of participatory democracy and to the Assistance Agreement regarding the development objective for sustainable economic growth anchored in European integration, the implementation deadline of which was December 31, 2025.
The amendment to the Assistance Agreement for the consolidation of participatory democracy provides for the granting of additional funding in the amount of $16.7 million, increasing the total value of the Agreement to approximately $113 million.
“Financial resources will be used to increase citizens’ involvement, strengthen the responsiveness of public institutions and reduce the vulnerability of democratic institutions and processes,” indicates the Ministry of Finance.
Also, the total amount of the Assistance Agreement regarding the development objective for sustainable economic growth anchored in European integration will be supplemented, through the approved Amendment, with $46.3 million. The allocation of these resources will increase the total funds committed to date under the Agreement to approximately $153.2 million in grant assistance. The financial resources will be used to increase access to the European Union market and other international markets and increase competitiveness in the transforming sectors. (Moldpres/Business World Magazine)
