Reactions after the approval of the 1.9 billion euro Growth Plan for the Republic of Moldova
The European Parliament's decision to approve a Growth Plan worth 1.9 billion euros for the Republic of Moldova has elicited reactions both in Chisinau and Brussels. The Moldovan authorities welcomed this decision, viewing it as significant support for the country's economic development and for implementing the necessary reforms in the European integration process. Experts believe that this financial assistance will aid in modernizing infrastructure and improving the living conditions of citizens. The Growth Plan itself focuses on modernizing infrastructure, strengthening institutions, and fostering economic growth, all accompanied by a strict monitoring mechanism and expedited access to funds.
Maia Sandu: “A milestone for Moldova”
Moldova’s President Maia Sandu described the decision as an important step in the country’s European journey.
A milestone for Moldova: we thank the European Parliament for supporting the Growth Plan- a strong vote of confidence in our future. €1.9 billion in investments to grow our economy, create opportunities and improve people’s lives as we move closer to the EU.
Dorin Recean: "This money is not just numbers on paper"
Prime Minister Dorin Recean emphasized that the €1.9 billion support from the European Union is not merely a financial commitment; it is a tangible tool for the development of the Republic of Moldova. He explained that these funds will be allocated to modernizing infrastructure, enhancing the education system, and attracting investments, all of which will contribute to job creation and economic growth.
According to the Prime Minister, the first tranche of funding is expected to be available at the end of April. In the coming period, the Government will present a detailed plan for the projects implementation.
"This money is not just numbers on paper—it represents investments in significant projects that will provide crucial benefits for citizens, including 3,000 kilometers of repaired roads, 35 model schools, and industrial platforms to attract factories and plants that will create jobs. This is what the European Union stands for: a family that supports us when we need it and invests in our future. Next month, we will present a concrete plan for utilizing the funds provided."
Igor Grosu: "Moldova is not alone"
The Parliament Speaker, Igor Grosu, expressed that the recent vote in the European Parliament illustrates the solidarity of the European community with the Republic of Moldova.
"The historic vote in the European Parliament has taken place! Moldova is not alone; we have reliable friends in the European Union."
Marta Kos: “A strong vote of confidence in Moldova’s European future”
European Commissioner for Enlargement, Marta Kos, welcomed the approval of the Growth Plan for the Republic of Moldova, stating that this financial support underscores the EU’s commitment to the country’s European integration. She noted that the funds will be utilized to boost the economy and to implement essential reforms.
The European Parliament has approved the Growth Plan for the Republic of Moldova, representing a strong vote of confidence in the country's European future. The plan outlines the allocation of 1.9 billion euros aimed at doubling Moldova’s economy by the end of the decade, reflecting the country’s firm determination to join the European Union.
“The main beneficiaries will be citizens”
The Growth Plan approved by the European Parliament is expected to support the modernization of infrastructure, economic development, and the enhancement of public services in the Republic of Moldova, according to Iulian Groza, the director of the Institute for European Policies and Reforms. He explained that this support will have a direct impact on improving the quality of life for citizens.
Citizens will benefit directly from the investments made in infrastructure, such as roads, health programs, education, new hospitals, and bridges, as well as in the energy and agricultural sectors. Essentially, every area where the Republic of Moldova needs investment and development will receive support, making citizens the primary beneficiaries.
Growth Plan for Moldova
The European Parliament has approved the Moldova Reform and Growth Facility, a €1.9 billion financial package to support the Republic of Moldova in its economic and security challenges. This instrument includes both grants and low-interest loans, and is designed to boost the reforms needed to modernise the country and move closer to the European Union.
The decision provides for the allocation of €520 million in grants, an increase of €100 million compared to the initial proposal. The remaining amount, €1.5 billion, will be available in the form of soft loans, so that Moldova can implement the necessary reforms without accumulating unsustainable debt.
Another important element of this plan is the acceleration of access to financing. The Republic of Moldova will receive 18% of the total amount in the form of pre-financing, a significant increase compared to the 7% initially foreseen. These funds will be used for energy security, combating corruption and modernising public services.
In addition, a significant part of the financial support – 20% of the grants – will be directed towards strengthening administrative capacity, through the digitalisation of the administration, judicial reforms and the training of civil servants.
To ensure transparency and monitoring of the use of the money, the mechanism includes a supervisory framework through a regular dialogue between the European Parliament and the European Commission. The agreement also allows for voluntary contributions from other international donors, which could complement the support intended for the Republic of Moldova.
After approval by the European Parliament, the Council of the EU is to validate the decision, which will allow for the official publication of the document and the entry into force of the Facility. The first funds could become available starting in April 2025, and the financing program will run until 2027.
The Growth Plan is part of the European Union's broader strategy for the Republic of Moldova and aims to double the country's economy over the next ten years and strengthen its resilience in the face of geopolitical challenges.
