The European Parliament’s Committee on Budgets accepted the request of MEP Siegfried Muresan to release the €100 million in European financing to the Republic of Moldova when concrete results are achieved by this in fighting corruption, ensuring the independence of justice and strengthening the banking system, IPN reports.

According to a press release of the Romanian MEP’s communication team, the request was approved in the evening of April 3. It was decided that the money will be allocated in three tranches in 2017 and 2018 and, before each tranche, the Government of Moldova will have to implement in stages the measures that are requested by the Moldovan citizens and that are necessary for consolidating the economy and democracy in the Republic of Moldova.

“This macro-financial assistance plays the role of helping the Republic of Moldova cover current costs and stabilize the economy. But I wanted to make sure that the financial assistance offered by the European Union to the Republic of Moldova is used appropriately and reforms expected by the people are done and the results will be felt by the people. That’s why I asked that this money should be released on condition that the Republic of Moldova achieves concrete results,” stated Siegfried Muresan.

The European Parliament’s final vote on the proposal to provide €100 million in macro-financial assistance to the Republic of Moldova depending on results was set to be held in the May session.