June 25 2002, 16:51

The Republic of Moldova to be given two credits

On June 20 the World Bank Board of Directors granted Moldova two credits - SAC-III for structural reform and a credit for investment development of rural areas.

As reported by World Bank representation in Washington the SAC-III credit of US $30mn to be given under the terms of International Development Agency for 40 years with 0,75% annual interest, reimbursement to be adjourned for 10 years. A US $10,5mn credit will be granted on the same conditions for investment development of rural areas.