Moldovan head of state meets EBRD president

Chisinau, July 25. /MOLDPRES/- On Monday, President Maia Sandu talked to Odile Renaud-Basso, President of the European Bank for Reconstruction and Development (EBRD), on a working visit to Chisinau. The discussions focused on the programs financed by the EBRD, and the country's socio-economic development priorities, the presidential press service has reported.

EBRD is the largest institutional investor in Moldova, and last year it financed projects worth 500 million euros. The bank invests in infrastructure projects: roads, railways, power lines, to ensure a better connection of the Republic of Moldova to the European Union. Maia Sandu appreciated the EBRD's contribution to strengthening the energy security and independence of the Republic of Moldova. EBRD provides financing for gas purchases from alternative sources, energy efficiency projects and supports the country's efforts in developing the legislative framework for the production of energy from renewable sources.

The discussions also focused on projects to modernize public services such as the central heating system, waste management and electricity distribution, having a direct impact on the quality of life of citizens. The importance of financing small and medium enterprises was also addressed. They represent 98% of all companies in the country. The head of state thanked the Bank's management for the contribution to the modernization of the Republic of Moldova and the stimulation of its economy.

Today, the two officials will attend the inauguration of M3 Chisinau - Giurgiulești road segment, built with the Bank's support.

Photo: Presidency