The Cabinet of Ministers approved the ratification of the Agreement between Moldova and the European Union on measures to implement the support provided by the EU under the Reform and Growth Facility for Moldova
The document was signed on May 9 and establishes the principles of financial cooperation between the European Commission and Moldova under the Reform and Growth Facility for Moldova, worth a total of €1.9 billion. The overall objective of the agreement is to support the implementation of Moldova's reform program to contribute to: strengthening the rule of law and good governance; supporting the transition to a green and digital economy; strengthening economic and social resilience; accelerating rapprochement with the European Union. The agreement is concluded for a period of 24 months from the date of entry into force. The European Commission may suspend the agreement in the following cases: termination of the accession process, violation of preconditions, fundamental rights, the rule of law, corruption, or in cases of force majeure without prior notice. The agreement may be terminated by either party with 30 days' notice if the reasons for suspension are not removed within 180 days. The European Commission may also terminate the agreement unilaterally if it considers that its objectives can no longer be effectively achieved, in which case the consequences of termination will be analyzed on a case-by-case basis. Any amendments to the Agreement between the parties shall be made in writing and may be made by exchange of letters between the parties. They shall become an integral part of the Agreement and shall enter into force on the date when Moldova notifies the European Commission in writing of the completion of all its internal procedures necessary for the entry into force of the amendments. The Reform and Growth Facility for Moldova was established to support its process of accession to the European Union by accelerating the process of aligning national legislation with European legislation, deepening regional economic integration, and promoting socio-economic convergence with the European Union. Moldova will provide the European Commission with a Reform Agenda for 2025–2027, based on the principles and main objectives of the socio-economic and institutional reforms set out in the RM-EU Association Agreement, within the framework of the European Neighbourhood Policy and the Enlargement Policy. This agenda will provide a comprehensive framework for achieving the general and specific objectives set out in Article 3 of the Regulation, identifying the reforms to be carried out by Moldova and the areas suitable for investment. The mechanism is financed from the resources of the Neighbourhood, Development and International Cooperation Instrument – Global Europe (NDICI–Global Europe) with an allocation of €135 million in grants and up to €1.5 million in loans, which will be disbursed after a positive assessment of Moldova's satisfactory fulfillment of the disbursement conditions set out in the Reform Program. The grant will cover loan guarantees and EU support for projects approved under the Neighbourhood Investment Platform (NIP). In line with the Reform Program, Moldova plans to implement the agreed qualitative and quantitative benchmarks by 31 December 2027 at the latest. The implementation of the agreement is expected to have a positive impact on Moldova's economic and social development, contributing to inclusive and sustainable growth. The implementation of the Reform Program will contribute to strengthening economic resilience, attracting investment, and modernizing infrastructure. At the same time, the agreement will help Moldova comply with EU climate and environmental standards by integrating the objectives of climate change mitigation, adaptation to its effects, disaster risk reduction, environmental protection, and biodiversity conservation. // 14.05.2025 – InfoMarket.
