The European Bank for Reconstruction and Development (EBRD) and the European Investment Bank (EIB) will continue to invest in Moldova. In a news conference in Chisinau, held after a meeting with Prime Minister Iurie Leanca, banks’ Presidents Suma Chakrabarti and Werner Hoyer said it is important that Moldova meet the EU standards, contributing thus to the welfare of the country’s people, IPN reports.

Last year, the EBRD offered a record sum to Moldova – €130 million within 15 projects. “I expect that this year we will provide over €100 million if the conditions are good. The sectors are infrastructure, which is very important, transport, and water supply. Tomorrow (February 7), we will sign a water supply project with the Chisinau City Hall,” said EBRD President Suma Chakrabarti. Over the last seven years, the bank invested €700 million in Moldova.

EIB President Werner Hoyer said it is important for the bank to support the investments in Moldova so as to contribute to the improvement of people’s lives. Moldova receives the largest amounts per capita compared with any other country in the region. “There is a commitment for the country’s European course and we will continue to support you,” he stated.

Iurie Leanca said the loans from which Moldova benefits are in fact investments in the improvement of the quality of life. “We will make sure that these projects bring about positive changes,” he added.

The sides discussed the modernization of Moldova’s railroads, investments in renewable sources of energy and in projects to ensure access to drinking water of a high quality and other issues.