The first negotiations of the European Parliament, the European Commission and the EU Council on the 1.8 billion-euro Reform and Growth Facility for Moldova will take place on February 13
This was announced by MEP Siegfried Muresan, co-chairman of the Parliamentary Committee for the Moldova-EU Association and co-rapporteur of the European Parliament on the 1.8-billion-euro economic growth plan for Moldova. He wrote on his social network page that the goal is to finalize the negotiations by March, so that Moldova could receive the funds faster. Earlier, Siegfried Muresan said that the European Parliament approved the negotiating position on the Reform and Growth Facility for Moldova and will propose to increase the advance financing from 7 per cent to 20 per cent of the total amount. This is about increasing the share of funds that will be quickly transferred to Moldova soon after the entry into force of this Financing Mechanism. Earlier it was reported that the European Council approved a mandate to negotiate with the European Parliament on an Economic Growth Plan for Moldova, which envisages financial assistance of up to 1.8 billion euros for 2025-2027. These funds are meant for infrastructure, socio-economic reforms and Moldova's integration into the European single market. It is planned that the mentioned assistance mechanism will support Moldova in implementing EU-related reforms and will stimulate its economic convergence with the EU on the basis of an ambitious reform program. The mechanism will also contribute to Moldova's alignment with EU values, laws, norms, standards, policies and practices with a view to future EU accession. “The mechanism will cover 2025-2027 and is expected to provide Moldova with up to 285 million euros in grants and 1.5 billion euros in concessional loans,” the EU Council explained. It was emphasized that the EU is firmly committed to back Moldova on its path towards EU accession. Comprehensive reforms, together with investments, are necessary to bring Moldova closer to the EU. The new mechanism will give a significant impetus to the EU's support for such reforms and investments. // 11.02.2025 - InfoMarket.
