The European Commission has officially announced a new financial aid for the Republic of Moldova, and this is because we are talking about a considerable amount of money that it is sending to the government in Chisinau, and we are talking about 145 million euros as part of the agreement.
"The Commission today proposes to increase the ongoing macro-financial assistance (MFA) for the Republic of Moldova by up to €145 million, bringing the total amount of ongoing MFA support to the country to up to €295 million.
With this proposal, the Commission stands with Moldova as the country continues to implement its reform agenda, while at the same time dealing with the consequences of Russia's war of aggression against Ukraine, battling an energy crisis and hosting a number sea of refugees from Ukraine. . Today's proposal follows the announcement made by President von der Leyen in Chisinau in November 2022 regarding additional financial support for Moldova.
The additional assistance aims to provide additional support to the Republic of Moldova, whose economy has been severely affected by the consequences of Russia's invasion of Ukraine, as well as by a significant energy crisis that has continued since October 2021.
The MFA increase would help the country cover some of its additional financing needs in 2023, support macroeconomic stability and provide further reforms. Today's proposal would accompany the ongoing International Monetary Fund country program."
This week we proposed to increase the Macro-financial Assistance for Moldova by up to €145 million.
These funds will support the country's energy security and its economy which has been severely hit by the consequences of Russia's invasion of Ukraine.
- European Commission 🇪🇺 (@EU_Commission) January 28, 2023
