Moldova secures €1.9 billion EU Growth Plan
The Parliament of the Republic of Moldova has ratified the Agreement on the Country's Growth Plan, a financial aid package worth €1.9 billion offered by the European Union.
The document was presented in the plenary session by ˋPrime Minister Dorin Recean, who emphasized both the importance of investments in key areas and the direct link between fund disbursement and the implementation of reforms. The opposition particularly criticized the credit portion of the European aid.
"The agreement clearly stipulates that each financing tranche is linked to the implementation of reforms. This is a partnership based on trust and responsibility, but also very concrete on results. Moldova's Growth Plan isn't just a government project; it's a joint effort by the entire nation. Ratifying the agreement isn't a mere formality; it's a firm commitment made to the citizens," stated Dorin Recean.
The Prime Minister specified that European support will directly contribute to the development of infrastructure, the modernization of public services, and the improvement of living standards. "This plan is about well-equipped hospitals, modern schools, safe roads, and decent wages," the official added.
The opposition, however, expressed reservations, especially regarding the credit portion of the package. BCS Deputy Adrian Albu requested details on loans contracted in 2024 and debt service costs. "We know that a third of the country lives below the absolute poverty line, yet despite this, we're talking about credit (...). Please tell us, so the whole society knows, how many loans were taken out in 2024 – the exact figure – and how much we paid for servicing previous loans, so we can understand the full picture."
In response, the Prime Minister referred to the facilities offered by the Economic Growth Plan and mentioned that this loan is a long-term investment. "I have a request: let's not turn this discussion into some kind of manipulation with figures. (...) Let's imagine you want to buy a modern house, and you're offered a loan. Would you want to wait another 40 years to save up this money (...) or would you accept such generous financing?"
Also during the debates, PAS Deputy Radu Marian asked about the potential to mobilize other financial resources once this agreement is signed. The Prime Minister replied that private investments will be attracted in several areas. "Approximately €237 million will be additionally mobilized in agriculture. In the business environment, approximately €398 million. In digital infrastructure, approximately €22 million. Even in education, €300 million will be mobilized. In the energy sector, approximately €1 billion in private investments will be attracted."
While the parliamentary majority voted in favor of the project, the Bloc of Communists and Socialists refused to participate in the vote. "It seemed to me that we all live in parallel worlds (...). You have enough votes; take responsibility for the use of these funds. The decision is yours. We aren't participating in this vote," declared MP Zinaida Greceanîi.
The Growth Plan for the Republic of Moldova is an initiative launched by the European Commission in October 2024. It provides for the allocation of €400 million in non-refundable grants and €1.5 billion in advantageous loans. The disbursement of funds is conditional on adherence to democratic principles such as free elections, independent press, the functioning of justice, and the guaranteeing of human rights.
Translation by Iurie Tataru
