European Union grant money to reduce poverty in Moldova

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European Union grant money to reduce poverty in Moldova

Written by Natascia

Thursday, 03 June 2010 22:15

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The European Commission adopted on June 1, 2010 Annual Action Programme for the Republic of Moldova in 2010 which provides for the allocation of 66 million euros.

Cooperation Programme will support anti-poverty agenda of the new Moldovan government, which relies on stimulating economic growth across the country. Special attention is placed on poverty reduction program in rural areas. In addition, the assistance program will support developments in energy production to contribute to a more secure and sustainable energy in the country. This support aims to reduce Moldova's almost complete dependence on foreign sources of primary energy.
Stefan Fule, European Commissioner for External Relations and European Neighbourhood Policy, said: "Moldova faces formidable challenges that require critical and decisive action to reform. We support Moldova in these efforts, and today's decision demonstrates that the support is real and substantial" .
The amount of 66 million is allocated through and Partnership Instrument European Neighbourhood Policy (ENPI), which provides annual funding support for Moldova and other 16 partner states located along the border of the EU and South East . Moldova has received similar allocations in previous years, the Neighbourhood Policy, with support, for example, water supply and sanitary infrastructure. ENP allowances are the main source of EU assistance to states located along the eastern border of EU and Mediterranean region. In addition to assistance funds ENP, Moldova also receives additional support through the European Instrument for Democracy and Human Rights (EIDHR) and other thematic programs.

[Voceabasarabiei.net]

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Last Updated on Thursday, 03 June 2010 22:36

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