The European Council has approved 1.9 billion euros in support for Moldova under the Reform and Growth Facility, a new instrument to support EU-related reforms and economic growth.
This is the largest EU financial support for Moldova since its independence and aims, among other things, to speed up EU accession. The facility will help Moldova implement EU-related reforms while accelerating growth and economic convergence with the EU. It will cover all sectors vital to Moldova’s economic development and integration into the EU single market.
It will also play a major role in advancing the EU’s broader strategy for Moldova’s energy independence and resilience, seeking to decouple the country from the uncertainties of the Russian energy supply and fully integrate it into the EU energy market.
This funding mechanism serves as the financial pillar of the Moldova Growth Plan, presented by the Commission in October 2024. The programme will support Moldova from 2025 to 2027, with an expected grant of 385 million euros and a 1.5 billion euro loan. These loans are highly concessional, featuring long repayment periods and favourable interest rates.
“Today we are helping Moldovans advance key socio-economic reforms, boost their economy and accelerate the country’s accession to the EU,” said Adam Szłapka, Minister for European Affairs of Poland.
Moldova has recently received EU support for developing a two-year energy strategy.