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European Commission

European Commission transferred first support of macro-financial assistance of 150 million euros for Moldova

The European Commission today transferred the very first installation of 50 million euros from the macro-financial support of 150 million euros for the Republic of Moldova. The news was made by MEP Siegfried Mureșan, on a social media network.
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According to the authorities, of the 50 million euros, 35 million are loans under desirable problems as well as 15 million are non-refundable European funds. “The macro-financial assistance of 150 million euros was adopted by the European Union to help the Republic of Moldova cover part of its financing needs determined by the management of the refugee crisis, the energy crisis, the COVID-19”, claimed Siegfried Muresan.

The MEP mentioned that the settlements are conditional on the smooth operating of the program with the International Monetary Fund, in addition to the development made in vital locations concurred with the European Union, such as the battle versus corruption, the policy of legislation, great financial administration or power self-reliance.

“The fact that the first tranche of macro-financial assistance has already been transferred by the European Commission shows that the authorities in Chisinau have done their job and that there is progress in these areas. The money is very useful for the Republic of Moldova, but it is not enough. We need to do more. The Republic of Moldova is the European country that has received the most refugees from Ukraine, in relation to the population, even though the management of refugees has put and still puts a lot of pressure on the country’s economy. That is why we are waiting for new financial support proposals from the European Commission. I am sure that the European Parliament will approve these initiatives as quickly as it approved the macro-financial assistance of 150 million euros”, worried Siegfried Mureșan.

The European Parliament as well as the EU Council embraced, on April 6, the choice concerning the approving of macro-financial aid to the Republic of Moldova. The aid has 2 elements: 30 million euros – give as well as 120 million euros – loan. It will certainly be readily available for 2 as well as a fifty percent years as well as will certainly be paid out in 3 tranches from 2022 to 2024.

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