Political

EU approves €1.9 billion aid to Moldova for reforms and growth

The European Union Council has given the final approval for providing €1.9 billion to support reforms and economic growth in the Republic of Moldova.

The regulation establishing the Mechanism is now ready to be signed by the President of the Council and the President of the European Parliament and published in the Official Journal of the European Union, after which it will take effect the following day.

Adam Szłapka, Poland’s Minister for European Affairs, stated today that the financial package will assist Moldovan citizens in promoting essential socio economic reforms, boosting their economy, and accelerating the country’s EU accession process. Furthermore, it will bolster the resilience of the Republic of Moldova by mitigating the impact of Russia’s unjust war of aggression against Ukraine.

The Reform and Economic Growth Mechanism will provide support to Moldova from 2025 to 2027. It will offer up to €385 million in grants and €1.5 billion in loans, provided on highly favorable terms, with a long repayment period and advantageous interest rates. The funds will be disbursed twice a year, based on requests from the Government in Chișinău and after the European Commission verifies the fulfillment of all relevant conditions outlined in the reform agenda.

The €1.9 billion aid package for Moldova was announced on October 10, 2024, by Ursula von der Leyen, President of the European Commission, during her official visit to Chișinău. Subsequently, in February 2025, the aid amount was raised to €1.9 billion.

EU member states agreed to allocate €520 million in grants and €1.5 billion in loans at reduced interest rates. This adjustment ensures that Moldova can implement reforms without incurring unsustainable debt.

Translation by Iurie Tataru

Eliza Mihalache

Eliza Mihalache

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