EU pledges 1.9 billion euros for Moldova's reforms
The European Union believes in the Republic of Moldova! This message was reiterated by David McAllister, the President of the European Parliament's Committee on Foreign Affairs, who is currently in Chișinău.
This visit follows the approval, last week, of the agreement for the 1.9 billion euro facility for Moldova. European institutions are ensuring that the funds will arrive in the country as soon as possible. In the meantime, Chișinău is “doing its homework”—finalizing the reform agenda, based on which the funds will be allocated.
“We are currently working intensively on finalizing the reform agenda. The agenda now includes over 44 reforms, focused on seven key pillars: private sector development, economic resilience and national infrastructure, economic governance, social capital, the green transition and natural capital, fundamental values, and, of course, energy. It is extremely important that we mobilize now to capitalize on the Economic Growth Plan, and we are fully committed to this process to continue transforming the Republic of Moldova,” said Doina Gherman.
David McAllister is confident that Europe can help Moldova double its economy within ten years, which would lead to good jobs and a better standard of living for all Moldovans.
“The European Parliament worked hard to ensure that Moldova receives as much support as possible and as quickly as possible. Of the 1.5 billion euros available for low-interest loans, Moldova can receive 18% of the total amount—around 300 million euros—as prefinancing by the beginning of May,” said David McAllister.
On February 19, the European Parliament, the European Commission, and the European Council reached an agreement on the Growth Facility for Moldova, worth 1.9 billion euros. The final vote on the agreement will take place in the European Parliament at the beginning of March, and the first payments are expected to arrive in Moldova this spring.
Translation by Iurie Tataru
