 has granted €40 million to the Republic of Moldova. The government has approved the ratification of the Financing Agreement between Moldova and the European Commission regarding the EU Program for Resilience and Governance.){kind=link}
In a significant boost to the country’s socio-economic development, the European Union (EU) has granted €40 million to the Republic of Moldova. The government has approved the ratification of the Financing Agreement between Moldova and the European Commission regarding the EU Program for Resilience and Governance.
The agreement, signed on May 11th, aims to provide assistance in supporting the country’s socio-economic recovery with a focus on stability, peace, and inclusive opportunities, as highlighted by the Ministry of Finance.
“The financial resources will be used to support the development of the country’s human capital and promote gender equality, contribute to national stability and territorial integrity, and create more consolidated, sustainable, and resilient agri-food systems against external shocks and crises,” stated the institution.
The agreement is part of the European Union’s Annual Action Plan 2022 for the Republic of Moldova, financed under the Neighbourhood, Development, and International Cooperation Instrument – Global Europe. The implementation period spans from 2023 to 2026.
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This substantial funding from the European Union will play a crucial role in advancing Moldova’s socio-economic agenda and fostering resilience in various sectors. It signifies a strong partnership between the EU and Moldova, with the shared goal of promoting stability, inclusivity, and sustainable development.
The EU’s continued support will not only contribute to the country’s long-term growth but also reinforce the bond between Moldova and the European Union. The funding will pave the way for initiatives that prioritize human capital, gender equality, and the creation of robust and resilient agri-food systems, ultimately benefiting the citizens of Moldova.
Stay tuned for further updates on the implementation of the EU Program for Resilience and Governance and its positive impact on the Republic of Moldova’s development trajectory.