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ORDER OF THE GOVERNMENT OF THE REPUBLIC OF MOLDOVA

of October 12, 2016 No. 1133

About approval of Benefit on management for implementation of the credit aid provided by the Government of the Republic of Poland

(as amended on 10-11-2021)

According to Item 2 of the Order of the Government No. 841 of July 7, 2016. "About some measures for implementation of the credit aid provided by the Government of the Republic of Poland" (The official monitor of the Republic of Moldova, 2016, Art. No. 204-205, 907) DECIDES: the Government

Approve Benefit on management for implementation of the credit aid provided by the Government of the Republic of Poland it (is applied).

Prime Minister

Paweê Phillip

Countersign:

deputy. Prime Minister, Minister of Economic Affairs

 

Octavian Kalmyk

Minister of Finance

Octavian to Armash

Approved by the Order of the Government of the Republic of Moldova of October 12, 2016 No. 1133

Benefit on management for implementation of the credit aid provided by the Government of the Republic of Poland

I. Concepts

In this Benefit on management the following concepts are used:

1) credit aid – credit amount, provided by the Government of the Republic of Poland to the Government of the Republic of Moldova based on the Agreement between the Government of the Republic of Moldova and the Government of the Republic of Poland on receipt of credit aid of May 14, 2014 for financing of projects in the field of agricultural industry, the food industry, including the corresponding infrastructure, and also in other industries approved by the parties;

2) the agreement of recrediting – the legal act signed between the Ministry of Finance and the selected participating bank according to which the Ministry of Finance grants loans to the participating bank from funds of credit aid for recrediting of the selected final beneficiaries and financing of the permitted expenses for purchase of goods and services;

3) the Agreement on refinancing of subloans – the agreement signed between the Ministry of Finance and the participating banks, providing conditions and terms of recrediting for each selected subproject;

4) the agreement of intent – the agreement by means of which one or both parties shall sign in the future certain agreement which main contents are determined now;

5) the agreement on delivery of goods and services (works agreement) – the agreement signed between two business entities, the final beneficiary and the Polish contractor / supplier concerning delivery of goods, works and/or services by means of the works agreement;

6) the participating bank – the commercial bank registered according to the legislation and regulations of the Republic of Moldova and selected by the Ministry finance/council of Public institution "Office of management of programs for the external help" for participation in implementation of resources of credit aid according to the criteria stated in this Benefit on management;

7) revolving investment fund of the project – the financial resources which are saved up and managed on behalf of Ministry of Finance of Public institution "Office of management of programs for the external help", created as a result of payment by the participating bank of the main amount and percent on the recredited loans from which payments for servicing of credit aid to the external creditor, and also continuation of recrediting of new subprojects are paid;

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