Top European bank to support Moldova in reforms process implementation

Chisinau, 19 June /MOLDPRES/ – The European Bank for Reconstruction and Development (EBRD) will continue backing Moldova into implementation of reforms goaled to ensure sustainable economic development. Head of the Bank, Suma Chakrabarti, has made a statement on it today during the meeting with Minister of Foreign Affairs and European Integration, Tudor Ulianovschi, paying a working visit to London, the MAEIE’s information and media communication service has reported.

Regarding collaboration with Moldova, Suma Chakrabarti has mentioned that EBRD strategy's priority guidelines for Moldova in 2017 – 2020 would be focused on implementation of banking sector restructuring programmes, support for private enterprises, promoting marketing of public utilities, increase of energy security and infrastructure. The President of EBRD appreciated measures undertaken by authorities in Chisinau as to ensure stability in banking sector, improve business environment, increasing ultimately attractiveness of Moldova for investors.

At his turn, Minister Tudor Ulianovschi has mentioned that EBRD is one of major development partners of Moldova, contributing to development of both: private sector by means financing and consultancy projects, similar with policy dialogue aimed at increasing transparency of banking sector, ensuring energy security of Moldova, but also improving business climate. "The Government of Moldova is interested into expanding its cooperation with EBRD, including by initiating new investment projects or any other kinds, which will eventually contribute to sustainable development strategies of the country in all its fields. Hereafter, it has encouraged EBRD to preserve its interest in developing priority relations with Moldova, further enhancing its participation in different projects," alleged the Foreign Minister of Moldova.

In 2017, EBRD launched 10 projects in Moldova with a record investment volume of €131 million, while total investment amount is €1.1 billion within over 120 projects.