- EBRD Board makes two-day visit to Moldova to meet policymakers, business community
- Last year, EBRD invested a record €525 million in Moldovan economy
- Bank aims to support government to promote reform, finance private sector development
Representatives of the Board of Directors of the European Bank for Reconstruction and Development (EBRD) visit Moldova this week, two years after a virtual visit during the Covid-19 pandemic in 2021. The visit from Monday to Wednesday is their first physical visit to the country since 2017.
The EBRD, the largest institutional investor in Moldova, is committed to supporting the government to promote reforms currently focusing on transparency of the banking sector, improving the business environment and increasing the energy security of the EU candidate country neighbouring Ukraine. The Bank is a key player in the development of the private sector through financing and advisory projects and active policy dialogue.
Following a Monday visit to Giurgiulesti International Free Port, Moldova’s only river-to-sea port, whose operator Danube Logistics has been owned by the EBRD since 2021, and a trip to Gitana Winery, an EBRD client, EBRD Board representatives will meet: Dorin Recean, Prime Minister of Moldova; Dumitru Alaiba, Minister of Economic Development and Digitalisation and the EBRD’s Governor for Moldova; Nicu Popescu, Minister of Foreign Affairs and European Integration; Victor Parlicov, Minister of Energy; Veronica Mihailov-Moraru, Minister of Justice; Angela Turcanu, State Secretary, Ministry of Infrastructure and Regional Development; Ion Gumene, State secretary, Ministry of Finance and Octavian Armasu, the National Bank Governor.
Before leaving Chisinau on Wednesday morning, the EBRD Board members will also discuss the country’s development with representatives from Moldova’s key financial institutions, international financial institutions, as well as diplomats and civil society organisations.
On behalf of the host country Moldova, Cagatay Imirgi, EBRD Director for Turkey, Romania, Moldova, Azerbaijan and the Kyrgyz Republic, will welcome the following:
Board Directors:
Katherine Tuck, Director for Australia, Korea, New Zealand and Egypt
Caspar Veldkamp, Director for The Netherlands, China, Mongolia, North Macedonia and Armenia
Eva Cassel, Director for Sweden, Iceland and Estonia
Alternate Directors:
Jon Nicolaisen, Alternate Director for Finland, Norway, Latvia and Lebanon
Andrew Smith, Alternate Director for Canada, Morocco, Jordan, Tunisia
Lucian Isar, Alternate Director for Türkiye, Romania, Azerbaijan, Moldova and Kyrgyz Republic
Clement Seitz, Alternate Director for France
The EBRD has invested a total of more than €2 billion in the country through 163 projects. Its record €524.8 million of investment in the country in 2022, supporting Moldova’s economy against buffeting from the war in neighbouring Ukraine, was five times the average annual EBRD investment.