EU approves new budget assistance to Moldova

Photo: European Union
Photo: European Union

On 18 October, the European Commission approved the disbursement of €14.35 million in budget support assistance to help to deliver much-needed reforms that are being carried forward by the new government in the Republic of Moldova.

This assistance will support police reform, the fight against corruption and anti-money laundering, modernisation of the energy sector and a more efficient and transparent public finance policy.

Johannes Hahn, Commissioner for European Neighbourhood Policy and Enlargement Negotiations commented: “Today's assistance package demonstrates the EU's commitment to the Moldovan citizens, who have long demanded that such reforms are put in place.”

According to the EU, this new payment plan follows the budget support payments made in July 2019 (€14.54 million), the recently announced first instalment of macro-financial assistance (€30 million), and the EU-Moldova Association Council held on 30 September.

To summarise, the Commission resumed its budget support payments to the Republic of Moldova in July this year, following a period of almost two-years during which these payments had been put on hold due to deterioration of the rule-of-law situation in the country.

Following the change of government in June 2019, the Moldovan authorities have engaged in a significant and substantial structural reform process, which has provided the necessary conditions for the EU to resume its budget support and macro-financial assistance to the Republic of Moldova.

Find out more

Press release

EU Delegation to the Republic of Moldova

EU cooperation with the Republic of Moldova

Factsheet - EU relations with the Republic of Moldova