EBRD eyes strong investment program in Moldova in 2022
CHISINAU, Moldova, Jan. 21 (SeeNews) – European Bank for Reconstruction and Development (EBRD) President Odile Renaud-Basso said she expects the bank to embark on a robust program of investment in Moldova this year, combined with support for key economic policies to help the country move forward on its reform path.
During a visit to Moldova earlier this week, the EBRD President signed a new line of credit with Eximbank, the Moldovan subsidiary of Banca Intesa Sanpaolo, to channel funds to businesses across the country to help them to grow, innovate and become greener, the EBRD said in a statement on Thursday.
The EBRD President hailed the new Moldovan government’s commitment to reform, a better business environment, a healthy banking sector and a greener future for the country, the press release said. .
The EBRD invested 100 million euros ($113.4 million) in Moldova in 2021, with the overwhelming majority of that funding channeled into projects that promote sustainability, and a third was dedicated to small and medium-sized enterprises and provided through local banks, the EBRD mentioned.
Encouraging progress has been made in the implementation of complex infrastructure projects and the EBRD has been able to disburse new tranches of previously signed loans to support road construction, energy efficiency in public buildings in Chisinau and the acquisition of new trolleybuses for the second largest city of Balti, the bank said.