The Government of the Republic of Moldova will sign an agreement to bring again into effect a number of assistance agreements with the U.S. Government for recovering over US$70 million that wasn’t used earlier. The Cabinet on September 30 approved a draft decision to this effect, IPN reports.
The goal of the agreement is to restore the legal effects of two assistance agreements signed by the Government of the Republic of Moldova and the Government of the U.S. in 2016, which expired in May-June 2021, and to extend the period of validity of this agreement until December 31, 2025.
The grant allocated under the assistance agreement concerning the development objective for increasing trade and investments in the key sectors totals US$90.6 million, with US$27.6 million being unused. For the agreement on the development objective for more efficient and responsible democratic governance, the grant is US$76.9 million, with about US$45 million being unused.
The agreement will take effect when it is signed.
