European Parliament approves €145 million in additional assistance to Moldova
May 11, 2023

European Parliament approves €145 million in additional assistance to Moldova

On 9 May, the European Parliament voted to top up macro-financial aid for Moldova by up to €145 million to help the country cover part of its funding needs in 2023. This will bring the total amount of ongoing MFA support to the country to up to €295 million.

Members of the European Parliament (MEPs) endorsed the European Commission’s proposal to give the Moldovan government support to stabilise the country’s economic situation, by 561 votes to 43, with 20 abstentions.

The support, totalling €45 million in grants and up to €100 million in loans, will be disbursed in two instalments planned for the third and fourth quarters of 2023, provided certain policy conditions are met by Moldova. These include justice system reforms, ensuring the rule of law and the fight against corruption, and good progress in implementing an International Monetary Fund (IMF) macroeconomic programme.

This decision must now be approved by the Council of the European Union.

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