The European Commission announced an Economic Recovery Plan for the Republic of Moldova, which will mobilise up to €600 million in macro-financial assistance, grants, and investments, supported by blending and financial guarantees. This new funding will be mobilised over the next three years to promote investment that underpin a sustainable and inclusive recovery from the COVID-19 crisis in the country.
A new Economic Recovery Plan will mobilise up to €600 million in assistance, grants and investments for the Republic of Moldova.
This will support the country's reforms and recovery, investing in the economy, connectivity, education and employability.
🇪🇺🇲🇩 #StrongerTogether pic.twitter.com/m5nriO5pMU
— European Commission 🇪🇺 (@EU_Commission) June 2, 2021
European Commission President Ursula von der Leyen said: “The Republic of Moldova is at a crossroads. The EU’s Economic Recovery Plan constitutes an unprecedented effort to help the country on its path to recovery and drive an ambitious reform agenda forward, in the interest of its citizens. Ultimately, this plan illustrates the strength of our association and solidarity to fight together the COVID-19 pandemic.”
Commissioner for Neighbourhood and Enlargement Olivér Várhelyi added: “With this ambitious Economic Recovery Plan we want to stimulate long-term socio-economic recovery and unleash the untapped economic potential of Moldova for the benefit of its citizens. We will invest in the economy, in connectivity, in education and employability. The Plan will support indispensable structural reforms, including in the key areas of justice and the fight against corruption.”
The Plan builds on five pillars: public finance management and economic governance; competitive economy, trade & SMEs; infrastructure; education & employability; and the rule of law & justice reform.
