The Commission for Foreign Policy and European Integration approved the co-reports related to the draft laws and will propose the ratification of the documents at a parliamentary plenary session. The received financial assistance of €145 million from the European Union will be used to support Moldova’s reform program to address external and financial challenges. These reforms will focus on the energy sector, rule of law, business climate, public administration and labor market, which will help promote institutional and governance changes.
The financial assistance consists of a €45 million grant and a €100 million loan. The money will be disbursed gradually and is contingent on Moldova’s progress in meeting the conditions agreed with the EU.
The decision to provide €145 million in additional financial assistance to Moldova was adopted by the European Parliament and the Council of Europe on June 14, 2023. Now, the total amount of assistance available to Moldova is €295 million, of which €75 million are grants and €220 million are loans.
The draft ratifications of these documents will be discussed at the plenary session of the Parliament.