The EBRD is lending €50 million to Moldova’s largest bank – maib – to reinforce its funding base in the challenging economic environment caused by the war on Ukraine. It will also enable maib to continue supporting the Moldovan economy, with a focus on private businesses.
Of the €50 million, €15 million will go to extending maib’s participation in the EU4Business-EBRD Credit Line, aiming to finance investments by small- and medium-sized enterprises (SMEs) for technology upgrades, making them more competitive and better able to export their products.
This loan will contribute to the aims of the Eastern Partnership (EaP) Economic and Investment Plan, which include supporting 50,000 small- and medium-sized enterprises (SMEs) in Moldova.
The remaining €35 million fall within the EBRD’s Resilience and Livelihoods framework – €2 billion pledged by the EBRD to support companies and countries directly or indirectly affected by the war on Ukraine. This loan will support maib in deploying finance to private businesses in Moldova during the crisis caused by the war on Ukraine.
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