Moldova has ratified an agreement with the EU establishing the terms for the implementation of the €1.9 billion financial assistance
In particular, the Moldovan parliament ratified the Agreement on Financial Assistance between the Republic of Moldova and the European Union on measures to implement the support provided by the European Union under the Reform and Growth Facility for Moldova, signed on May 9. Prime Minister Dorin Recean, while speaking in parliament, noted that Moldova's Growth Plan is an unprecedented financial assistance package from the European Union aimed at developing the country and improving the living standards of its citizens. He noted that the agreement confirms the confidence of European partners in the citizens of Moldova and that our country is seen as a state ready to become a full member of the large European family. According to Prime Minister, for the first time Moldova will make so many investments in such a short time, which has only been made possible thanks to the EU. Dorin Recean specified that, as part of the Growth Plan, Moldova will receive a financial package of €1.9 billion for the implementation of specific projects, with €400 million allocated in the form of grants. At the same time, our country will receive €1.5 billion from the EU in the form of loans on favorable terms: the repayment period will be 40 years, with the first 10 years being a grace period during which the country will not have to repay the loan. The head of government emphasized that the Growth Plan for Moldova consists of two key components: reforms and investments. The Reform Program includes 153 specific measures structured around seven main areas: business development and support for modern agriculture, better roads, fast and affordable digital networks, efficient and transparent tax administration, improved public services in education, health care, and social assistance, environmental protection and development of renewable energy sources, energy security and investment in critical infrastructure, and the fight against corruption and strengthening the rule of law. The second component of the plan—investment—involves specific projects that will have a direct impact on people's daily lives. Among them, Dorin Recean mentioned: the construction of the Chisinau–Ungheni highway to connect to the European highway network via Romania; the construction of two more high-voltage power lines to connect to the European energy grid; the modernization of railways and logistics hubs for both passenger and, in particular, freight transport; the construction of two modern regional hospitals in Balti and Cahul; the modernization of water supply, sewerage and road infrastructure in populated areas; subsidies for the industrialization and modernization of agriculture; creation of industrial platforms to attract investment in mechanical engineering, electronics, pharmaceuticals, and other industries with high value-added jobs; improvement of energy efficiency in public and private buildings. Prime Minister noted that the list of projects is long. "In essence, we are transforming the country. As a result of investments from this Facility and from pre-accession funding, which will start coming in from 2028, we will have European living conditions, like in a European country: roads, infrastructure, well-paid jobs, kindergartens, schools, modern hospitals — like in the Czech Republic, Italy, Slovenia, Germany, and Romania," said Dorin Recean. According to him, the authorities intend to modernize state institutions to ensure transparent and sustainable spending of the funds generously provided by partners, which is why the agreement with the EU clearly states that each tranche of funding is linked to the implementation of reforms. "This partnership is based on trust and responsibility, as well as on results. Moldova's development plan is not just a government project; it is a joint effort of the entire country. The ratification of this agreement is a firm commitment made to the citizens: Moldova is moving decisively and irreversibly along the European path, through reforms, through work, and through seriousness. The growth plan is about a decent life here, at home. It is about no longer waiting decades for conditions to improve. It is about modern hospitals, schools, safe roads, and decent wages. This agreement brings us closer to EU accession, but it also ensures a European standard of living now, not in 20 or 50 years," Prime Minister said. Under the agreement, Moldova will receive loans from the EU totaling €1.5 billion as progress is made in implementing the reforms. The financial assistance will be provided on the basis of certain conditions contained in the Growth Plan Reform Program for Moldova, which was recently approved by the government. It contains 153 measures and 56 reforms to be implemented by the end of 2027. // 22.05.2025 — InfoMarket.
