Germany willing to allocate 13.6 million euros for Moldova's regional development

The German government is willing to allocate 13.6 million euros for regional development projects in Moldova.

Officials of the Regional Development and Construction Ministry, Sonja Schuler, a representative of the German Federal Ministry for Economic Cooperation and Development, who is responsible for cooperation with Moldova, and Philipp Johannsen, a representative of the German Agency for International Cooperation (GIZ) in charge of the projects developed in Ukraine, Belarus and Moldova, discussed this subject on 6 September.

According to the Moldovan ministry's press service, the German government will allocate 3.6 million euros for regional development projects, which is to be used by the end of 2012. The German side will also offer 10 million euros to supplement the National Regional Development Fund, to carry out investment projects in order to upgrade the local public services in Moldova in 2013- 14.

The sides agreed that the GIZ will be empowered to manage the proceeds. The mechanism of earmarking the 13.6 million euros and the conditions that Moldova must meet to receive the funds will be discussed during the Moldovan-German governmental negotiations due in Chisinau in November.

Adapted from Moldpres