EBRD intends to allocate more human and financial resources in its projects on the territory of the R. Moldova

For the next two years the European Bank for Reconstruction and Development (EBRD) intends to allocate even more human and financial resources in its projects on the territory of the R. Moldova which concern the private, investment, financial sectors and the infrastructure, declared the director for the Caucasus, Moldova and Belarus of the EBRD, Michael Davey within a meeting with the minister of Economy and Commerce (MEC), Igor Dodon, Info-Prim Neo reports. Michael Davey declared that throughout the last two years, the EBRD managed a number of successful projects in the R. Moldova “but tend to do even more”. Recently, the EBRD has signed the contracts to grant credit lines to two Moldovan commercial banks – “Mobiasbanca” and “Banca Sociala”. The EBRD is also examining the possibility to grant a credit line to “EximBank”, as well as recommencing their collaboration with “Moldova – Agroindbank”, Michael Davey announced. Dodon mentioned the importance of the EBRD support in realising projects in the fields of infrastructure, standardisation and quality, and also in the financial and mortgage ones. “We are convinced that the elaboration of a new legal framework in the mortgage field, currently done by the MEC and the EBRD, from the moment of its implementation, will considerably boost the development of a mortgage market in Moldova, as well as making it attractive for foreign investors”, the minister of economy and commerce said. The EBRD has up to now implemented 46 investment projects worth over 200 million EUR in the R. Moldova, including 85 million EUR in the infrastructure, 73 million EUR in financial institutions and 43 million EUR in enterprises.