EBRD President travels to Moldova to underscore support

EBRD President travels to Moldova to underscore support

January 24, 2022

From 18 to 20 January, the President of the European Bank for Reconstruction and Development (EBRD), Odile Renaud-Basso, paid her first official visit to Moldova to announce a robust investment programme in Moldova in 2022. Combined with the support for key economic policies, the programme aims to help the country advance on its reformist path. 

In her meetings with President Maia Sandu, Prime Minister Natalia Gavrilita and other top officials, Renaud-Basso discussed the business environment, structural reforms and ways to finance local companies’ growth to create jobs, support the development of infrastructure and attract foreign investment to the country. 

The President also signed a new credit line with EXIMBANK, the Moldovan subsidiary of Banca Intesa Sanpaolo, to channel funds to companies across the country to help them grow, innovate and become greener. EXIMBANK’s loans to Moldovan businesses will be backed by European Union grants of up to 15 per cent.

Renaud-Basso held talks with representatives of the business community, key banks, international financial institutions, diplomatic missions, civil society and visited the Glass Container Company, supported by EBRD.

The Bank is a leading institutional investor in Moldova and, to date, has invested more than €1.54 billion in the country through 151 projects, providing support to more than 1,500 Moldovan firms.

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