Canada announces new sovereign loan for the Republic of Moldova


September 17, 2024 – Ottawa, Canada – Global Affairs Canada

Russia’s full-scale invasion of Ukraine has caused financial strain on the Republic of Moldova as they welcomed a substantial influx of refugees from Ukraine.

Today, the Honourable Ahmed Hussen, Minister of International Development, and the Honourable Mélanie Joly, Minister of Foreign Affairs, announced that Canada will provide the Republic of Moldova with a sovereign loan of $120 million over 10 years.

Canada’s support will help co-finance a World Bank Development Policy Operation loan aimed at supporting the resilience of families and Ukrainian refugees and fostering sustainable economic growth and climate resilience in the Republic of Moldova.

This announcement comes as the Moldova Partnership Platform meets today in Chisinau, with representation from Canada by Ambassador Gavin Buchan. The Platform, launched in 2022 by France, Germany and Romania, coordinates international efforts to address the significant internal and external challenges the Republic of Moldova has been tackling since the full-scale Russian invasion of Ukraine. The commitments made and the valuable assistance provided by partners within the Platform have helped the Republic of Moldova to strengthen its democracy and bolster its resilience.



Source link

  • Related Posts

    Minister Anand meets with EU High Representative for Foreign Affairs and Security Policy and Vice President of the European Commission

      September 2, 2026 – Ottawa, Ontario – Global Affairs Canada The Honourable Anita Anand, Minister of Foreign Affairs, yesterday met with Kaja Kallas, EU High Representative for Foreign Affairs…

    Minister Joly and Yulia Navalnaya to take part in fireside chat  

    Tuesday September 16, 2024 –Tomorrow afternoon, the Honourable Mélanie Joly, Minister of Foreign Affairs, and Mrs. Yulia Navalnaya, Chairwoman of the Advisory Board of the Anti-Corruption Foundation, will take part…

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    You Missed

    Travis Kelce purchased $5.35 million Ohio home months before marrying Taylor Swift

    Travis Kelce purchased $5.35 million Ohio home months before marrying Taylor Swift

    1Password wades into a right-wing mess after funding a Linux project

    1Password wades into a right-wing mess after funding a Linux project

    10 Best Nontoxic Cookware Brands (2026 Review)

    10 Best Nontoxic Cookware Brands (2026 Review)

    Minister Anand meets with EU High Representative for Foreign Affairs and Security Policy and Vice President of the European Commission

    Minister Anand meets with EU High Representative for Foreign Affairs and Security Policy and Vice President of the European Commission

    Chowbus and Maple Announce Strategic Partnership to Bring Multilingual Voice AI Ordering to Restaurants

    Apple changes Lake Ontario name to ‘Lake America’ for US users of its Maps

    Apple changes Lake Ontario name to ‘Lake America’ for US users of its Maps