On 11 March, the European Parliament’s Plenary session backed the adoption of a Reform and Growth Facility for Moldova worth almost €1.9 billion over the next two years.
This amount, combining €385 million in non-repayable financial support and up to €1.5 billion in concessional loans, will accelerate socio-economic and fundamental reforms in the country and enhance access to the EU’s Single Market.
Renew Europe welcomed the adoption, as Moldova demonstrated a strong commitment to the objectives outlined in the Growth Plan and the Reform Agenda to accelerate its accession to the EU.
“Today's vote proves that Europe knows how to mobilize and support a friendly state and candidate for accession. No matter how geopolitical winds may shift, one thing is certain: Europe will never abandon its allies. Nothing will deter us from this path, just as Moldova has never hesitated to prove its European aspiration with actions,” said ALDE Party and Renew Europe Vice-President Dan Barna MEP (USR, RO).
“With this instrument, we help Moldova invest in its own long-term stability and security, and by extension our own. By creating jobs and taking decisive action against corruption, we build a robust Moldovan economy that uplifts the entire region. We send a clear signal to all Moldovans that their future lies with Europe, not Russia,” added Anouk van Brug MEP (VVD, NL).