On Wednesday 3 May, the European Commission granted a €40 million loan to Moldova under the ongoing macrofinancial assistance operation. The EU aims to help Moldova, affected by the consequences of the Russian aggression against Ukraine, to address its urgent financial needs and to support the overall macroeconomic stability of the country.
This assistance is conditional on the achievement of political and economic reforms, notably related to the rule of law, health and the transparency of public finances.
The Commission found that Moldova had “broadly fulfilled the policy conditions agreed with the EU” by improving, for instance, public and financial sector governance and strengthening the rule of law.
This assistance to Moldova, of a total value of €150 million (€120 million in loans and €30 million in grants) will be provided in three tranches (see EUROPE 12918/16, 12925/23).
The first tranche was paid in August 2022.
The second tranche will amount to €50 million. The first part of this second tranche of aid, paid on 5 April, consisted of €10 million in grants (see EUROPE 13157/3).
The loan made on 3 May is the second part of the second tranche.
The co-legislators are considering a Commission proposal to increase the current macrofinancial assistance to Moldova by up to €145 million (see EUROPE 13106/24). (Original version in French by Émilie Vanderhulst)