The European Commission on Monday disbursed the first installment of €50 million under the new Macro-Financial Assistance to Moldova: €35 million in long-term loans on concessional terms and €15 million in grants.
Payments under the MFA program are strictly contingent on the smooth running of the current IMF program, as well as on progress in key areas agreed with the European Union, such as fight against corruption, rule of law, good economic governance or energy independence.
“This money is of great use to the Republic of Moldova, but it is not enough. We need to do more. Moldova is the European country that has received the most refugees from Ukraine per capita, even if the management of refugees has put a lot of pressure on the country’s economy. The authorities in Chisinau and the citizens of the Republic of Moldova have been dealing, since the beginning of the year, with the crisis caused by the COVID-19 pandemic, the energy crisis and the crisis caused by the war in Ukraine”, said Romanian MEP Siegfried Mureșan.
The decision to grant €150 million in macro-financial assistance to Moldova was adopted on April 6. It will be available for two and a half years and will be disbursed in three installments from 2022 to 2024.
