Poland to offer Moldova 15-million-dollar loan for budget deficit and infrastructure investments

Global Insight announces that during a November 16 meeting with Speaker and interim President Mihai Ghimpu, Polish Ambassador to Chisinau Krzysztof Suprowicz said that Warsaw would offer Moldova a 15-million-dollar loan for the country's budget deficit and for infrastructure projects.

Poland also donated a batch of computers to the Moldovan legislature.

Mr. Suprowicz added that his country would like to offer more assistance to Chisinau to encourage it on the path of reforms that would materialize in stronger ties with the European Union.

Previously, Germany announced that it would provide Moldova with considerable financial assistance. Romania has also promised to help. The IMF has agreed to offer Moldova a 590-million-dollar loan, while the U.S. will provide 262 million dollars within the Millenium Challenge Corporation project.

When the Communists were in power, the Kremlin promised to give Moldova a 500-million-dollar loan, but the sum has been recently reduced to 150 million dollars. The new ruling Alliance for European Integration has expressed its interest in pursuing this loan nonetheless. China has also said it would be willing to provide a one-billion-dollar loan to Chisinau.

Moldova has been affected considerably by the economic and financial crisis, and the economy could contract by 8-9 percent this year.