Ion Chicu: EU money is important, but not enough for our modernization plans

Prime minister Ion Chicu says that the money Moldova receives from the European Union is important, but not enough for the country’s modernization plans. Therefore, the Moldovan authorities will turn to international financial institutions or other states for additional loans, IPN reports.

“We will do everything to maintain this beneficial cooperation between Moldova and the EU, we will meet the conditions set for the second instalment, the third of the macro financial assistance, but this is not enough and we cannot count on this support alone”, stated the prime minister during the talk-show “Puterea a patra” on N4.

The prime minister says that Moldova needs EU support, consisting of both grants and loans, but this is not enough for significant public investments in infrastructure. “For this purpose we need to find additional money and we said where exactly: financial institutions, financial markets and bilaterally as the example of Romania or Russia”, the prime-minister said.

Also, the prime minister says that none of Moldova’s partners grants money to a specific person, but to the country, depending on the behaviour and performance of the state bodies. That is how Ion Chicu commented on the former prime minister’s statements, who said that there is a risk Moldova will no longer receive the EU promised money once the Government she leads is dismissed. “During 2019, Moldova has received financial assistance both in the form of a grant and in the form of credit from foreign partners, exactly the amounts that were budgeted in 2019, which was approved in the autumn of 2018. This money was budgeted and they have come as planned”, said Ion Chicu.

Also, the prime minister says that for 2020, as well, financial resources from the EU's macro-financial assistance are planned, about 900 million lei. “We will put our best efforts, we will do our homework so that we can get this money. It remains, at the discretion of EU evaluators to assess whether or not we have fulfilled what we have committed to,” said Chicu.

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