The Commission welcomes the political agreement between the European Parliament and the Council of the European Union on the regulation for a Reform and Growth Facility for Moldova, a crucial component of the Growth Plan for Moldova proposed by the Commission in October 2024. The plan is the largest EU financial support package since Moldovas independence. It will boost Moldovas economy, provide significant financial aid, and bring the country closer to EU membership by accelerating reforms.
The Reform and Growth Facility for Moldova will offer €1.9 billion in financial support based on a reform agenda from Moldova outlining essential socio-economic and fundamental reforms it intends to undertake to accelerate growth and convergence with the EU, as well as priority investment needs. Funds will be released twice a year, based on requests from the Government of Moldova and following verification by the Commission that all relevant conditions outlined in the reform agenda have been met.
Next Steps
The political agreement is now subject to formal approval by the European Parliament and the Council. The regulation on the Moldova Reform and Growth Facility will enter into force the day after its publication in the Official Journal.
Background
The support under the Reform and Growth Facility will be in addition to the 2-year Comprehensive Strategy for Energy Independence and Resilience of Moldova announced on February 4 to make Moldovas energy market more sustainable, economically viable, and fully independent from Russian energy sources by the end of 2026.
For More Information
- Regulation proposal Moldova Reform and Growth Facility
- Commission Communication on the Moldova Growth Plan
- Commission adopts support package to underpin Moldovas economic growth plan on its path to the EU - European Commission
- Remarks by President von der Leyen in Chisinau announcing the Moldova Growth Plan
- Growth Plan for Moldova - Factsheet