Germany Provides Financial Aid to Moldova
OREANDA-NEWS. November 17, 2009. It is stipulated by the inter-governmental protocol signed by the state minister of Moldova Victor Bodiu with Otmar Greiff – representative of the federal Ministry of Economic Cooperation and Development of Germany, it was informed at the Government.
According to the Germany party, the funds allocated to Moldova are first of all intended to support rural population and small and medium-sized enterprises of Moldova which suffered the most due to the crisis.
Under the protocol, 5 million euros of the total amount will be directed to the Social Investment Fund and the rest 3.5 million euros will be distributed for the projects “Agrarian Sector Modernization”, Public Utilities Modernization” and others. According to the Government, after signing of the protocol, the total amount of technical and financial assistance provided to Moldova by Germany has reached 40 million euros.
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