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European Neighbourhood Policy and Enlargement Negotiations (DG NEAR)
News article3 May 2023Directorate-General for Neighbourhood and Enlargement Negotiations

Commission pays €40 million in financial support to Moldova

MFA Moldova EUR 40 million

The Commission has today paid a €40 million loan in financial support to the Republic of Moldova, as part of the ongoing Macro-Financial Assistance operation to the country worth €150 million in total. This completes the disbursement of the second instalment of €50 million, from which €10 million in grants was paid already on 5 April this year. This constitutes important support from the EU to one of the countries most directly and heavily impacted by Russia's war of aggression against Ukraine.

The war has significantly impacted the Moldovan economy, adding to sizeable pre-existing challenges and imbalances. The support will help Moldova address its urgent financing needs and support overall macroeconomic stability while enabling wide-ranging and ambitious reforms.

Today's payment comes after the Commission had concluded that Moldova has broadly fulfilled the policy conditions agreed with the EU for the release of the disbursement. Moldova has for instance strengthened public sector governance, made progress on financial sector governance and strengthened the rule of law. 

Macro-Financial Assistance support is part of the wider EU effort to support Moldova in the wake of the multiple challenges over the last years. It will also help Moldova advance on its European path.

With the payment made today, the EU has already disbursed €100 million to Moldova under the ongoing Macro-Financial Assistance operation to the country worth €150 million in total.

The Commission also proposed in January this year to increase the ongoing Macro-financial Assistance to Moldova by up to €145 million. This proposal is currently under consideration by the European Parliament and Council.

(For more information: Veerle Nuyts — Tel.: +32 2 299 63 02; Laura Bérard — Tel: +32 2 295 57 21)