{"id":102723,"date":"2006-12-13T13:48:00","date_gmt":"2006-12-13T13:48:00","guid":{"rendered":"http:\/\/new.moldova.org\/2006\/12\/13\/eu-announces-increase-in-financial-assistance-to-moldova-21434-eng\/"},"modified":"2006-12-13T13:48:00","modified_gmt":"2006-12-13T13:48:00","slug":"eu-announces-increase-in-financial-assistance-to-moldova-21434-eng","status":"publish","type":"post","link":"https:\/\/www.moldova.org\/en\/eu-announces-increase-in-financial-assistance-to-moldova-21434-eng\/","title":{"rendered":"EU announces increase in financial assistance to Moldova"},"content":{"rendered":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

\nAt Dec. 12 donor meeting organised jointly by the European Commission and the World Bank, the European Commission announced that it is to more than double its financial assistance to the Republic of Moldova over the next 4 years. Under the new European Neighbourhood and Partnership Instrument (ENPI) €209 million will be made available over the period 2007-2010 to support the reform process and the implementation of the EU-Moldova European Neighbourhood Policy Action Plan. In addition, the Commission has made a proposal to the Council to grant macro-financial assistance of €45 million for 2007-2008 to address Moldova’s current balance of payment problems. This would bring the micro-financial aid to a total of €254 million over the next 4 years. <\/p>\n

Commissioner for External Relations and European Neighbourhood Policy, Benita Ferrero-Waldner emphasised: “Moldova has made good progress in implementing the EU-Moldova Action Plan, but further decisive reform steps are needed in areas such as respect for human rights and fundamental freedoms, judicial reform and improving the investment climate. Enhanced financial support from donors including the EU will be an important element in helping the Republic of Moldova to continue with its reform efforts. I am therefore happy to announce the doubling of our assistance at a moment where the country is faced with a challenging internal and external situation.” <\/p>\n

The European Commission will be announcing its assistance package today at a Consultative Group Donors’ meeting in Brussels hosted jointly with the World Bank. The 1-day meeting is gathering senior officials of all key donor organisations active in Moldova including the European Commission, the World Bank, the International Monetary Fund, the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the United Nations. EU Member States and other leading bilateral donors, including the United States and Japan were also present. Discussions at the meeting focus on progress in the implementation of Moldova’s reform agenda and future donors’ programmes to support the reform process. <\/p>\n

EU-Moldova Relations: <\/p>\n

Total EU assistance to Moldova since 1991 has amounted to more than €300 million. Annual assistance budgets have increased over recent years. EC assistance is currently being provided mainly under the Tacis and Food Security Programmes (FSP) and is today fully geared towards supporting Moldova implementing the ENP Action Plan. It provides for measures focusing on: <\/p>\n

Institutional, legal and administrative reform (consolidation of the rule of law, approximation of legislation including the reform of the health sector, cross-border co-operation, fight against crime, support to PCA implementation, civil society development and training, statistical infrastructure, and environmental issues). <\/p>\n

Private sector and economic development (in particular small enterprises development in rural and urban areas) <\/p>\n

Alleviation of the social consequences of transition (poverty reduction, social assistance through NGOs, health and childcare). <\/p>\n

Further details on EU-Moldova relations: http:\/\/ec.europa.eu\/comm\/external_relations\/moldova\/intro\/index.htm  <\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>At Dec. 12 donor meeting organised jointly by the European Commission and the World Bank, the European Commission announced that it is to more than double its financial assistance to the Republic of M<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-102723","post","type-post","status-publish","format-standard","hentry","category-politics"],"content_social_share":"Reading Time: <\/span> 2<\/span> minutes<\/span><\/span>

\nAt Dec. 12 donor meeting organised jointly by the European Commission and the World Bank, the European Commission announced that it is to more than double its financial assistance to the Republic of Moldova over the next 4 years. Under the new European Neighbourhood and Partnership Instrument (ENPI) €209 million will be made available over the period 2007-2010 to support the reform process and the implementation of the EU-Moldova European Neighbourhood Policy Action Plan. In addition, the Commission has made a proposal to the Council to grant macro-financial assistance of €45 million for 2007-2008 to address Moldova’s current balance of payment problems. This would bring the micro-financial aid to a total of €254 million over the next 4 years. <\/p>\n

Commissioner for External Relations and European Neighbourhood Policy, Benita Ferrero-Waldner emphasised: “Moldova has made good progress in implementing the EU-Moldova Action Plan, but further decisive reform steps are needed in areas such as respect for human rights and fundamental freedoms, judicial reform and improving the investment climate. Enhanced financial support from donors including the EU will be an important element in helping the Republic of Moldova to continue with its reform efforts. I am therefore happy to announce the doubling of our assistance at a moment where the country is faced with a challenging internal and external situation.” <\/p>\n

The European Commission will be announcing its assistance package today at a Consultative Group Donors’ meeting in Brussels hosted jointly with the World Bank. The 1-day meeting is gathering senior officials of all key donor organisations active in Moldova including the European Commission, the World Bank, the International Monetary Fund, the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and the United Nations. EU Member States and other leading bilateral donors, including the United States and Japan were also present. Discussions at the meeting focus on progress in the implementation of Moldova’s reform agenda and future donors’ programmes to support the reform process. <\/p>\n

EU-Moldova Relations: <\/p>\n

Total EU assistance to Moldova since 1991 has amounted to more than €300 million. Annual assistance budgets have increased over recent years. EC assistance is currently being provided mainly under the Tacis and Food Security Programmes (FSP) and is today fully geared towards supporting Moldova implementing the ENP Action Plan. It provides for measures focusing on: <\/p>\n

Institutional, legal and administrative reform (consolidation of the rule of law, approximation of legislation including the reform of the health sector, cross-border co-operation, fight against crime, support to PCA implementation, civil society development and training, statistical infrastructure, and environmental issues). <\/p>\n

Private sector and economic development (in particular small enterprises development in rural and urban areas) <\/p>\n

Alleviation of the social consequences of transition (poverty reduction, social assistance through NGOs, health and childcare). <\/p>\n

Further details on EU-Moldova relations: http:\/\/ec.europa.eu\/comm\/external_relations\/moldova\/intro\/index.htm  <\/p>\n

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