Presidency of the Republic of Moldova
President Maia Sandu talked today with Odile Renaud-Basso, the President of the European Bank for Reconstruction and Development (EBRD), who is on a working visit to Chisinau. The discussions concerned the programs financed by the EBRD and the socio-economic development priorities of the country.
The EBRD is the largest institutional investor in Moldova, and last year, it financed projects worth 500 million euros. The bank invests in infrastructure projects, such as roads, railways, and power lines, to ensure a better connection of the Republic of Moldova to the European Union. President Maia Sandu appreciated the EBRD's contribution to strengthening the energy security and independence of the Republic of Moldova. The EBRD provides financing for gas purchases from alternative sources, energy efficiency projects, and supports the country's efforts in developing the legislative framework for the production of energy from renewable sources.
Discussions also focused on projects to modernize public services such as the central heating system, waste management, and electricity distribution, having a direct impact on the quality of life of the citizens. The importance of financing small and medium enterprises was also addressed, as they represent 98% of all companies in the country. In this context, the head of state thanked the Bank's management for the contribution made to the modernization of the Republic of Moldova and the stimulation of its economy.
On Tuesday, July 25, President Maia Sandu and EBRD President Odile Renaud-Basso will participate together in the inauguration of a new section of the national road M3 Chisinau - Giurgiulesti, built with the Bank's support.
