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10 April, 2025 / 09:20
/ 19 February, 2025

European Parliament and member states agree on new support plan for Moldova

The European Parliament and EU member states have agreed on a new support plan for the Republic of Moldova, worth 1.9 billion euros. The new facility aims to speed up socio-economic reforms in our country, strengthen resilience and advance EU integration process.

“The Growth Facility for Moldova aims to support the country in facing significant challenges, especially to mitigate the profound impact of Russia's war of aggression against Ukraine on security, economy and living conditions of Moldovan citizens, as well as to strengthen the country's resilience against hybrid attacks and foreign interference targeting democratic processes and institutions,” a press release of the European Parliament reads.

Negotiators have agreed to allocate 520 million euros in grants – an increase of 100 million euros from initial proposals – alongside 1.5 billion euros in low-interest loans. This adjustment ensures Moldova can implement reforms without unsustainable debt.

The facility provides for 18% pre-financing of the total support, compared to the initially proposed 7%. This will allow for rapid deployment of resources to address energy security, anti-corruption infrastructure and public service modernization.

A dedicated 20% of grant funds will strengthen Moldova's institutions through digital governance systems, civil service training and judicial reforms, which are prerequisites for effective EU fund management.

To ensure full parliamentary scrutiny, the agreement establishes a dialogue between the European Parliament and the European Commission to regularly review implementation progress.

It was also agreed that additional voluntary contributions will be available in the form of external assigned revenue from other donors, such as international financing organizations for further financial support to Moldova.