Municipal bonds can become an alternative to bank loans for financing local infrastructure projects. The First Deputy Governor of the National Bank of Moldova, Petru Rotaru, stated, during an event dedicated to the municipal bond market, that it is necessary to develop this mechanism and involve a larger number of banks in the process, reports IPN.

Petru Rotaru emphasized that municipal bonds represent a feasible financial instrument, with low costs, transparent allocation, and efficient monitoring of resources. According to him, municipal bonds provide local authorities with access to the necessary resources for investments in infrastructure and improving the quality of life in the community, thus contributing to local economic development.

The First Deputy Governor of the BNM mentioned that this financial instrument can help local public administrations attract investments for sustainable development projects and support the development of the capital market in the Republic of Moldova. Petru Rotaru emphasized that the BNM wishes to expand alternative financing instruments, both for the public sector and for the private one.