Moldovan PM convenes meeting on Eurobond

Chisinau, 13 May /MOLDPRES/- Today Prime Minister Ion Chicu convened a meeting to consider the process of placing the Eurobond by the Republic of Moldova. The necessary steps and provisions of the national legal framework governing each stage have been examined, the government's communication and protocol department has reported.

The Ministry of Finance discusses with companies specialized in assessing the credit rating for the country in order to clarify the contracting conditions. The ways followed in the placement of the Eurobond by Armenia and Serbia and the solutions identified by the states in contracting consulting companies and project preparation were noted. Serbia is the latest case of placement of Eurobond after which the country placed bonds worth 2 billion euros, with a term of 7 years at an interest rate of 3.375% annually.

Chicu ordered that projects of national importance be collected from all central authorities, their value and priority be examined and assessed. The set of projects will be discussed with national experts in the field to determine a maximum rational prioritization. Among the priorities are the construction and rehabilitation of roads, construction of aqueduct and sewerage systems, investments in irrigation stations, investments in public transport and social infrastructure objectives.

“The goal of issuing the Eurobond is to modernize and industrialize the country. We need resources to boost the growth of living standards and create stable and well-paid jobs in the country's districts ", said Ion Chicu.