Following the positive opinion of the Member State Committee on macro-financial assistance (MFA) on the draft Memorandum of Understanding (MoU) between the EU and Moldova on 13 November 2017, the MoU has now been signed and will enter the process of national ratification by the Moldovan authorities.

Once the MoU, the loan facility agreement and the grant agreement will have entered into force, fulfilment of the conditions required to proceed with a disbursement will be assessed prior to each of the three instalments of the MFA operation. This entails that the Commission services assess and monitor the fulfilment of the specific economic policy conditions and, together with the European External Action Service, assess the fulfilment of the political pre-conditions for MFA. The assessment of political pre-conditions will analyse the functioning of democratic mechanisms, including a multi-party parliamentary system and the rule of law that guarantees respect for human rights, in line with the Joint Statement agreed by the European Parliament, the Council and the Commission.

Per normal practice and in order to ensure full transparency vis-a-vis the co-legislators, the Commission will inform the Parliament and the Council on each disbursement and share its assessment on compliance with the conditions set out in the co-legislative decision establishing this MFA operation.