The Commission welcomes the political agreement reached last night between the European Parliament and the Council of the European Union on the Regulation to establish a Reform and Growth Facility for Moldova, a key pillar of the Growth Plan for Moldova proposed by the Commission in October 2024. The Plan is the largest EU financial support package since Moldova's independence.  It will boost Moldova's economy, provide significant financial assistance and bring the country closer to EU membership by accelerating reforms.

The Reform and Growth Facility for Moldova will provide €1.9 billion in financial support based on a Reform Agenda from Moldova which outlines key socio-economic and fundamental reforms it intends to undertake to accelerate growth and convergence with the EU, as well as priority investment needs. It will cover all sectors that are vital to promote Moldova's economic growth and integrate it into the EU single market. Funds will be released twice a year, based on requests by the Government of Moldova and following verification by the Commission that all relevant conditions laid out in the Reform Agenda have been met.

Next Steps

The political agreement reached is now subject to formal approval by the European Parliament and the Council. The Regulation on the Moldova Reform and Growth Facility will enter into force the day after its publication in the Official Journal.

Background

The support under the Reform and Growth Facility will come in addition to the 2-year Comprehensive Strategy for Energy Independence and Resilience of Moldova announced on 4 February to make Moldova's energy market more sustainable, economically viable and fully independent from Russian energy sources by the end of 2026.

For More Information

• Regulation proposal Moldova Reform and Growth Facility
• Commission Communication on the Moldova Growth Plan 
• Commission adopts support package to underpin Moldova's economic growth plan on its path to the EU - European Commission
• Remarks by President von der Leyen in Chisinau announcing the Moldova Growth Plan
• Growth Plan for Moldova - Factsheet

*Updated on 20/02, at 12:30

Quote(s)

The EU stands with Moldova and its people. We want to bring the country closer to our Union as fast as possible. The €1.9 billion Facility is a key step in that direction. It will drive economic growth, strengthen reforms and anchor Moldova in the European Union.

Marta Kos, Commissioner for Enlargement