In a Government meeting, a Memorandum has been approved regarding the extension of the eligibility period set in the Financing Agreement for the implementation of the Risk-Sharing Loan Portfolio Financial Instrument concluded with the European Investment Fund and funded through the National Rural Development Program (PNDR) 2014-2020.

Through PNDR 2014-2020, the Ministry of Agriculture and Rural Development (MADR) implements the Risk-Sharing Loan Portfolio Financial Instrument at the portfolio level (PRSL - Portfolio Risk Sharing Loan) to support the financing of farmers and entrepreneurs in rural areas.

The extension of the eligibility period set in the Financing Agreement concluded with the EIF until December 31, 2025, was necessary due to the extension of the eligibility period of the expenditures related to PNDR 2014-2020, according to Transitory Regulation (EU) No. 2020/2220.

This need arises from the specific provisions applicable to financial instruments, provided for in Article 42 of Regulation (EU) 1303/2013, according to which the eligibility of expenditures under financial instruments is determined at the closure of the Program, in the case of PNDR, this deadline being December 31, 2025.