European macro-financial help - the highlight of 2017

2017 witnessed the introduction of political criteria for macro-financial assistance. For the first time in the history of Moldova-EU relations, the granting of macro-financial assistance will depend on the degree of democracy practiced by the Government. In an answer offered to IPN, Independent Think Tank Expert-Grup notes that this creates additional pressure on the Government to implement reforms in the field of justice or mass media, but doesn’t guarantee the exclusion of the mixed voting system that was adopted in the spring of 2017.

The Association for Participatory Democracy “ADEPT” also mentions that the European Union will give Moldova the hundred million euro, but will at least insist on the implementation of certain crucial reforms.

The Government also considers the signing of documents on macro-financial assistance to be a highlight of 2017.  “The set of documents on macro-financial assistance in the amount of one hundred million euro to Moldova, has been signed in Brussels on 23 November 2017. Our country will receive a 40 million euro grant from the European Union, and a loan of 60 million euro starting next year. The financial resources will be given out in three installments, depending on the degree of implementation of the 28 agreed-upon requirements,” specifies the Government in a reply to IPN.

The Executive adds that these funds will contribute to the development and modernization of Moldova, to more investments and more jobs. “Furthermore, EU’s trust of Moldova is a signal to investors, a reason for them to come to our country.”

Among other accomplishments for this year, the Government mentions the 36.5 million euro in budgetary support for five programs, under a decision taken on December 21. The five programs are: DCFTA implementation, Police reform, Public Finance Policy, liberalized Visa Regime implementation, and rural and agricultural development in Moldova. These reforms will provide improved, more efficient public services for the population.

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