CHISINAU, Moldova – Moldova has signed a 150 million-euro ($168 million) loan agreement with neighbor Romania which it hopes will bolster its currency and promote investment.
Moldova Prime Minister Valeriu Strelet said the five-year loan, which has a 1.5 percent annual interest rate, was a reminder of the close relations between the neighbors.
He said Wednesday that Romania is "the only country in the world which constantly says: tell us how we can help you."
Moldova's currency has shed about 20 percent of its value this year, after up to $1.5 billion disappeared from three banks before parliamentary elections in November 2014.
The International Monetary Fund said last month it would not negotiate a new loan program with Moldova, dashing the government's hopes of an immediate agreement to help cover pensions and salaries.