OREANDA-NEWS. March 09, 2012. The financing agreement was signed by Vladimir Filat on behalf of our country in Chisinau. According to the document, 14 mln. euros will be allotted to Moldova to back implementation of the first stage of the Comprehensive Program of Institutional Consolidation valued at 41,6 mln.

euros. The program is aimed at consolidating institutional possibilities of key bodies of the central authorities and strengthening their potential in holding negotiations and implementing the Association Agreement between Moldova and EU. The agreement signed also stipulates that the government will co-finance 20% of the investments total amount of which will be defined during working out specific projects backed within the program.

The new grant of EU justifies the high esteem EU has given to efforts of the government of RM to realize the reforms in Moldova. EU delegation head Dirk Schuebel has noted that another 27 mln. euros to implement the Program Moldova will receive next year.

The program is planned to be co-financed by other donors too. The aid allotted to Moldova is aimed at consolidating institutional possibilities of key authoritative bodies which are negotiating three important agreements now: Moldova’s association, free trade area and visa regime liberalization. According to Dirk Schuebel, the European Union backs the program so that key institutions of our country will be able to follow the regulations of the Plan of Action of RM and EU and implements agreements signed with EU.