The European Commission (EC) adopted on October 10 a Growth Plan for the Republic of Moldova worth 1.8 billion euro and underpinned by a Reform and Growth Facility for the period 2025-2027, the EC said in a statement.
“The plan, which is the largest EU financial support package since Moldova’s independence, will boost Moldova’s economy, bring the country closer to EU membership by accelerating reforms, and provide significant financial assistance,” the EC said.
The statement said that the Moldova Growth Plan is based on three pillars.
The first is increasing financial assistance over the next three years through a dedicated Reform and Growth Facility for Moldova, based on the upcoming Reform Agenda and of discussed priority investments needs with Moldova
The second is enhancing access to the European Union’s single market, and the third, supporting Moldova’s socio-economic and fundamental reforms.
European Commission President Ursula von der Leyen said: “Europe stands firmly by Moldova’s side – today and every step of the way on the path to our Union. We can start bringing the Moldovan economy closer to ours already now.
“Today I’m in Chișinău to present a support package with the potential of doubling the size of the country’s economy in a decade,” Von der Leyen said.
“To do so we invest in jobs, growth, services and infrastructure – from new hospitals in Balti and Cahul to the road from the capital to Odesa. We open the doors to our single market to Moldovan companies. And we support Moldova’s reform efforts,” she said.
It is now for the European Parliament and the Council of the EU to examine the European Commission proposal for the Growth Facility for Moldova.
Once adopted, Moldova will be invited to submit its Reform Agenda outlining the key socio-economic and fundamental reforms it intends to undertake to accelerate growth and convergence with the EU, the EC said.
(Photo of Von der Leyen and Moldovan President Maia Sandu via the website of the EC)
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