European Development and Investment Fund starts work in Moldova

The European Development and Investment Fund for Moldova (EDIFM) has announced its official launch in Moldova. EDIFM will support the private sector by financing projects of national interest. The support will be provided through equity loans, investment loans, grants and credit lines, Info-Prim Neo reports, quoting a communiqué from the Fund. Another goal is the implementation of advanced technologies and equipment while creating more working opportunities for the population. EDIFM will support local and foreign investors that are willing to introduce new technologies and formulate business initiatives. “We established EDIFM in order to support the growth of the country by promoting new projects of national interest,” said Alon Peled, the President of the Board of EDIFM. EDIFM is a development venture providing financing and funds to projects within the Republic of Moldova. The fund represents several European banks, international funds and private investors, which created collaboration under one special financial vehicle facility and support. The financing will be provided under favorable conditions for investment opportunities in the country.