The European Union will mobilise an additional €52 million for the Republic of Moldova to advance the country's long term resilience, recovery and reforms, in particular via the implementation of the flagships foreseen in the Economic and Investment plan for its Eastern partners and support the implementation of the EU-Moldova Association Agreement.
Olivér Várhelyi, Commissioner for Neighbourhood and Enlargement, said:”The EU continues to work with its Moldovan partners to implement long lasting reforms that benefit the people. The past couple of years have been extremely difficult, with the COVID-19 pandemic, the gas crisis and now the impact of Russia's war in Ukraine all taking their toll. The response of the Moldovan people to the refugee crisis has been exemplary. The EU has quickly mobilised support to help Moldova take care of the Ukrainian refugees. We remain committed to accelerate the implementation of the Economic and Investment plan to ensure Moldova's long term recovery, and build up its resilience.”
This new financial assistance aims to support Moldova in its sustainable, resilient, and inclusive socio-economic development.
Two actions will be funded through the 2021 annual support programme:
- EU4Reforms: this action will support Moldova in the implementation of reforms linked to the EU-Moldova Association Agreement and Deep and Comprehensive Free Trade Area. Advancing Moldovan reform efforts, particularly in the field of good governance, is vital to making the country an attractive place to invest and do business. Support to strategic communication efforts in Moldova will particularly help the fight against disinformation.
- EU4Recovery and Resilience: this action will contribute to resilient, sustainable and inclusive economic development in Moldova, including by supporting SMEs, improving the business climate through trade facilitation, and improving employability. It will also support a transformative Green Agenda for Moldova to deliver a sustainable economic development.
This additional support comes in addition to ongoing crisis support provided by the EU to Moldova, which includes:
- €53 million budget support;
- €150 million Macro-Financial Assistance Programme to be disbursed in the coming months;
- €13 million in humanitarian assistance;
- €15 million to support the dignified and efficient processing of refugees and the secure transit and repatriation of third-country nationals,
- €15 million to support the EU Border Assistance Mission (EUBAM), which has recently redirected its activities to assist the Moldovan border guards in managing the arrival of refugees. It will work hand in hand with Frontex, which is increasing its deployment in the country, following the Status Agreement on border management cooperation signed on 17 March 2022 by the EU and Moldovan authorities.
In addition to the crisis management, the EU continues to support Moldova's long-term recovery and resilience, in particular through the Eastern Partnership Economic and Investment Plan, that aims to mobilise around €3.4 billion in public and private investments for five flagships in Moldova: SME support, trade facilitation, energy efficiency, connectivity and human capital development. As part of the EIP, on 31 March the European Investment Bank and Moldova agreed a €150 million loan to connect Moldova to the core trans-European network (TEN-T network).
For More Information
- Publication date
- 5 May 2022
- Representation in Cyprus