Prime Minister Pavel Filip encouraged the European Bank for Reconstruction and Development (EBRD) to further support the Government’s reform agenda that delivers tangible results for the citizens and the national economy. The Premier had a meeting with the Managing Director for Financial Institutions of the EBRD Francis Malige, IPN reports, quoting the Government’s press service.

“We have a correct institutional relationship with the EBRD and want to further strengthen this partnership. We take steps to make sure the money borrowed from the financial institutions is used efficiency and in the areas that need the most,” stated Pavel Filip.

He thanked the EBRD for entering Moldova’s market and the Bank’s team for facilitating the entry of Banca Transilvania into the banking sector of Moldova and for participating in the International Consortium that intends to purchase 41% of the shares in Moldova Agroindbank (MAIB), which is a  bank of systemic importance. He noted such actions increase the credibility of the national banking system.

A tender contest to sell the shareholding in MAIB will be held on October 2. The contract with the winning firm is to be signed also today.

For his part, Francis Malige confirmed the Bank’s readiness to develop the cooperation relations with the Republic of Moldova in areas of common interest, noting it is important to ensure an attractive business environment and to consolidate the project implementation capacities.

Since the start of the EBRD’s operations in the country, the Bank has invested over €1.1 billion in almost 120 projects in Moldova’s financial, agribusiness, energy, infrastructure and manufacturing sectors. In 2017, the financial operations of the EBRD in Moldova came to  €130 million.