European Bank for Reconstruction, Development voices willingness to further invest in Moldova

Prime Minister-designate Iurie Leanca on MAy 21 held a meeting with the regional director for Caucasus, Moldova and Belarus, within the European Bank for Reconstruction and Development (EBRD), Paul-Henri Forestier, who is completing his mandate to Moldova, and with the new EBRD regional director-designate, Bruno Balvanera, the government’s communication and media relations department has reported.

During the meeting, the officials discussed the EBRD’s activity in Moldova, undergoing joint projects and prospects for new projects.

The prime minister-designate highly appreciated the EBRD’s activity in Moldova and Forestier’s personal contribution to the consolidation of bilateral ties and development of Moldova’s economy and financial sector. Leanca said the EBRD was one of the most important international financial institutions, whereas jointly implemented projects had a strategic importance to Moldova’s economy. Leanca also voiced conviction that the EBRD would continue its cooperation with Moldova.

Forestier said the EBRD was interested in consolidating and extending ties with Moldova. In this sense, the EU official confirmed the EBRD’s availability to offer Moldova assistance, in partnership with the European Bank, by financially backing the rehabilitation of over 300 km of national road segments as well as by providing Moldova with technical assistance in the modernisation of its railway transportation.

For his part, the new EBRD regional director-designate, Bruno Balvanera, said the EBRD would further back the promotion of reforms and implementation of modernisation and development projects in Moldova. He added that a new cooperation strategy between the EBRD and Moldova would be elaborated in the near future.

The high EBRD officials voiced hope that Moldova’s political situation would soon normalise, which would ensure the stability of the investment sector as well as improve the development of the country’s economy and financial sector overall.

Adapted from Moldpres