Parliament approves new support plan for Moldova

Parliament approves new support plan for Moldova   Press Releases   Plenary session   AFET   BUDG   30 minutes ago     New €1.9 billion facility to accelerate Moldova’s socio-economic reforms, strengthen resilience, and advance EU integration   Designed to mitigate the profound impact on Moldova of Russia's war of aggression against Ukraine   Agreement secures more grants, accelerated funding and robust oversight by Parliament   On Tuesday, the European Parliament gave its green light to a new support facility for Moldova, focusing on better financing and democratic oversight. MEPs approved a provisional agreement reached by Parliament and Council negotiators on 19 February 2025 on the Reform and Growth Facility for Moldova . Through grants and low‑interest loans, the Facility seeks to help Moldova deal with the major challenges it is facing, in particular the profound impact of Russia's war of aggression against Ukraine on the country’s security, economy and people. The instrument should also strengthen Moldova’s resilience against Russian hybrid attacks and interference targeting its democratic processes and institutions. Key improvements secured in negotiations between MEPs and Council: Increased grant-based support: negotiators agreed to allocate €520 million in grants – a €100 million increase compared to the initial proposal – alongside €1.5 billion in low-interest loans. This adjustment will enable Moldova to reform without...