EU-Moldova: Commission proposes to increase Macro-financial Assistance for Moldova by up to €145 million

The Commission is today proposing to increase the ongoing Macro-financial Assistance (MFA) to 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 is standing by Moldova as the country continues to implement its reform agenda, while at the same time facing the fallout from Russia's war of aggression against Ukraine, battling an energy crisis, and hosting a high number of refugees from Ukraine. Today's proposal follows the announcement made by President von der Leyen in Chișinău in November 2022 on additional financial support to Moldova.

The additional assistance aims to provide further support to Moldova, whose economy has been severely hit by the consequences of Russia's invasion of Ukraine, as well as a significant energy crisis continuing since October 2021.