Moldova is one of the 16 partner countries whose relations with the EU are framed by the European Neighbourhood Policy (ENP). This country page presents information on DG ECFIN’s activities and economic cooperation with Moldova.
DG ECFIN conducts regular analysis on macroeconomic and financial developments in Moldova.
The EU and Moldova regularly hold bilateral macroeconomic dialogues, which provide both partners with an opportunity to exchange views on their respective economic situations and outlooks, and on the major structural challenges that they face.
The latest meeting of the EU-Moldova Sub-Committee on Economic and other Sector Cooperation took place on 23 June 2016. The European Commission presented inter alia the EU economic outlook based on the latest economic forecast, while the Moldovan authorities outlined recent macroeconomic developments in their country, notably in the banking sector. The two sides also discussed issues related to public finance management, public administration reform, the regulatory and supervisory framework of financial services and markets, progress with the resolution of the banks under special administration, and the implementation of the Association Agreement provisions concerning anti-fraud and control provisions as well as statistics.
The Moldovan economy was severely affected by the international financial crisis in 2008-2009, which resulted in declining output, a deteriorating fiscal position and rising external financing needs. The EU therefore decided to provide Macro-Financial Assistance (MFA), a form of financial aid for partner countries experiencing a balance of payments crisis.
On 20 October 2010, EU lawmakers approved a decision to provide up to EUR 90 million of grants to Moldova tied to specific economic and financial reforms, as well as general conditions concerning the respect of human rights and democratic principles. The funds were disbursed in three tranches in December 2010, September 2011 and April 2012. The policy measures attached to each disbursement were jointly agreed by the EU and Moldova, and listed in a Memorandum of Understanding. An ex-post evaluation was conducted in 2013 to assess the impact of this MFA operation.
The links below provide additional information on EU-Moldova relations: