EBRD Board Directors to visit Moldova

By Olga Rosca
@olgarosca

EBRD Board Directors to visit Moldova

Meetings with authorities, businesses and civil society ahead of Bank’s new country strategy

Representatives of the EBRD Board of Directors will arrive in Moldova on Monday, 23 October 2017, for a four-day visit.

They will discuss the Bank’s support for the Moldovan economy with a wide range of stakeholders, including representatives of the country’s authorities, foreign and local investors, business associations, non-governmental organisations, development partners and diplomats. The delegation will also pay a visit to the production facilities of two foreign investors in the automotive sector located in the free economic zone of Bălți, Moldova’s second-largest city.

The EBRD is a leading investor in Moldova. To date, the Bank has invested over €1 billion in various sectors: infrastructure, energy, banking, industry, commerce and agriculture.

The visit will take place during preparation of a new EBRD country strategy for Moldova. The document, which is due for publication later this year, will set out the Bank’s priorities for the period 2017-22. Among the key priorities under the new country strategy are the transformation of the banking sector, energy security and efficiency, improvements in competitiveness through support for viable firms, the promotion of foreign direct investment, and the development of transport and municipal infrastructure.

Board representatives visiting Moldova will include:

The delegation will be hosted by Heinz Kaufmann, Board Director for Switzerland as well as for Ukraine, Liechtenstein, Turkmenistan, Serbia, Montenegro, Moldova and Uzbekistan. The visitors will be accompanied by EBRD Regional Director for the Caucasus, Moldova and Belarus, Bruno Balvanera, and the Bank’s Head in Moldova, Dimitri Gvindadze.