Final 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 be held this week, the European Parliament's co-chairman for the Moldova-EU Association Parliamentary Committee, Mr. Siegler said
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 announced this. He wrote on his social network page that his goal was to reach an agreement on good terms for Moldova, so that the money could be used as soon as possible “to develop our country and improve the living standards of the people”. Siegfried Muresan said he would come to Chisinau late this week. Earlier, he said that the European Parliament had approved the negotiating position on the 1.8-billion-euro 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. It is a question of increasing the share of funds that will enter quickly Moldova, soon after the entry into force of this Financing Mechanism. These funds are intended for infrastructure, socio-economic reforms and Moldova's integration into the European single market. It is planned that the said 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. // 18.02.2025 - InfoMarket.
