EU Approves €1.9B for Moldova's Growth
On May 9, Moldova is set to sign its largest-ever financial agreement with the European Union, as Prime Minister Dorin Recean and EU Enlargement Commissioner Marta Kos formalize a €1.9 billion Economic Growth Plan. Recean shared details on national television, emphasizing that the funds will boost development in roads, schools, hospitals, agriculture, and business infrastructure, CE Report quotes MOLDPRES
The package includes €400 million in grants and €1.5 billion in low-interest loans with a 10-year grace period and a 40-year repayment term. According to Recean, the funding will go toward practical investments, not political projects or luxuries.
The plan, announced by European Commission President Ursula von der Leyen in October 2024, has the backing of the European Parliament. The Moldovan government approved the related Reform Agenda on May 7, a move expected to accelerate the country's EU integration and support sustained annual growth of at least 5%.
