The European Commission welcomes the endorsement by the Council of the agreement reached with the European Parliament to provide Macro-Financial Assistance (MFA) to Moldova worth EUR 100 million. Under the assistance, which was proposed by the Commission in January 2017, the country would receive up to EUR 40 million in grants and up to EUR 60 million in medium-term loans at favourable financing conditions. This operation is a significant opportunity to help Moldova address its macroeconomic challenges and meet its short-term financing needs. Under the terms of the agreement, the assistance would be strictly conditional on good progress with the IMF programme and on implementing key conditions to be agreed with Moldova in a Memorandum of Understanding. The Commission also welcomes today's joint statement adopted by the three institutions and included in the compromise text, which reiterates that respecting effective democratic mechanisms, including a multi-party parliamentary system and the rule of law, remains a pre-condition throughout the lifecycle of the macro-financial assistance.
- Publication date
- 15 June 2017
- Directorate-General for Neighbourhood and Enlargement Negotiations