Republic of Moldova: Renew Europe endorses unprecedented financial assistance package from the EU

The Renew Europe Group in the European Parliament welcomes today’s adoption by the plenary of the establishment of a Reform and Growth Facility for the Republic of Moldova, mobilising almost €1.9 billion over the next two years to accelerate socio-economic and fundamental reforms, enhance access to the European Union’s Single Market, and increase financial assistance. This amount combines €385 million in non-repayable financial support and up to €1.5 billion in concessional loans.

The Republic of Moldova finds itself at a political crossroads following the presidential elections and EU membership referendum in October 2024, with crucial parliamentary elections set to take place in the second half of 2025. Moldova has demonstrated a strong commitment to EU accession, as well as to the objectives outlined in the Growth Plan, and has shown its readiness to implement the Reform Agenda to accelerate its convergence with the EU.

Renew Europe MEP, Dan Barna (USR, Romania), shadow rapporteur in the Committee on Foreign Affairs on the establishment of a Reform and Growth Facility for the Republic of Moldova, said:

“Today's vote proves that Europe knows how to mobilize and support a friendly state and candidate for accession. No matter how geopolitical winds may shift, one thing is certain: Europe will never abandon its allies. We have the capacity and the determination to keep Europe a continent of peace and prosperity for people. And nothing will deter us from this path, just as Moldova has never hesitated to prove its European aspiration with actions.”

Renew Europe MEP, Anouk van Brug (VVD, The Netherlands), shadow rapporteur on the file in the Committee on Budgets, added:

"With this instrument, we help Moldova invest in its own long-term stability and security, and by extension our own. By creating jobs and taking decisive action against corruption, we build a robust Moldovan economy that uplifts the entire region. Enhanced opportunities for trade also strengthen prosperity across our continent. We send a clear signal to all Moldovans that their future lies with Europe, not Russia. Especially in these uncertain times, it is paramount to strengthen our neighbors and thereby ourselves.”