Chapter III, Article 10 · Regulation (EU) 2025/535

Contents

Article 10Principles for financing under the Reform Agenda#

1.The Facility shall provide incentives for the implementation of the Reform Agenda by setting payment conditions on the release of funds. Those payment conditions shall apply to funds under Article 6(1), with the exception of complementary support including support to civil society organisations and technical assistance. Those payment conditions shall take the form of measurable qualitative or quantitative steps. Such steps shall reflect progress on specific socio-economic reforms and on the fundamentals of the enlargement process linked to the achievement of the objectives of the Facility set out in Article 3, consistent with the enlargement policy framework.

2.The fulfilment of the payment conditions referred to in paragraph 1 shall trigger full or partial release of funds, depending on the degree of their completion.

3.Macro financial stability, sound public financial management, transparency and oversight of the budget are general conditions for payments that shall be fulfilled for any release of funds.Funds under the Facility shall not support activities or measures which undermine the sovereignty and territorial integrity of Moldova.

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Defined terms · 9

Show every defined term

blending operation
means an operation supported by the Union budget that combines non-repayable forms of support from the Union budget with repayable forms of support from development or other public financial institutions, including export credit agencies, or from commercial finance institutions and investors;
do no significant harm
means not supporting or carrying out economic activities that do significant harm to any environmental objective, where relevant, within the meaning of Article 17 of Regulation (EU) 2020/852 of the European Parliament and of the Council;
enlargement policy framework
means the overall policy framework for the implementation of this Regulation as defined by the European Council and the Council, and includes the revised enlargement methodology, agreements that establish a legally binding relationship with Moldova, the negotiating frameworks governing accession negotiations with candidate countries, where applicable, as well as resolutions of the European Parliament, relevant communications from the Commission, including, where applicable, on the rule of law, and joint communications from the Commission and the High Representative of the Union for Foreign Affairs and Security Policy;
Facility Agreement
means an arrangement concluded between the Commission and Moldova laying down the principles for financial cooperation between Moldova and the Commission under this Regulation;
final recipient
means a person or entity receiving funding under the Facility;
loan agreement
means the agreement concluded between the Union and Moldova laying down the terms of the loan support under the Facility;
measures
means reforms and investments as set out in the Reform Agenda under Chapter III;
payment conditions
means conditions for the release of funds that take the form of observable and measurable qualitative or quantitative steps to be implemented by Moldova, as set out in the Reform Agenda under Chapter III;
Reform Agenda
means a comprehensive, coherent and prioritised set of targeted reforms and priority investment areas in Moldova, including payment conditions that indicate satisfactory progress or completion of related measures, and an indicative timetable for their implementation;