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EBRD President travels to Moldova to underscore support

By Olga Rosca

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  • EBRD President visits Chisinau for talks with government and businesses
  • Odile Renaud-Basso expected to welcome Moldova’s commitment to reforms
  • Visit includes signing of new credit line to a local lender in a move to support businesses

Odile Renaud-Basso, EBRD President, will visit Moldova between 18 and 20 January 2022 to underscore the Bank’s support for the country and welcome the government’s commitment to reforms. This is Ms Renaud-Basso’s first official visit to Moldova since taking the office.

The Bank is a leading institutional investor in Moldova and, to date, has invested more than €1.54 billion in the country through 151 projects. It has also provided advisory services to more than 1,500 Moldovan firms to help them improve performance and grow.

Ahead of her visit, Ms Renaud-Basso said: “I am encouraged by Moldova’s fresh start, its commitment to reforms and to improving the lives of its citizens. The economy too has been on the path to recovery in 2021 and, reassuringly, the financial sector has continued to harmonise regulation with international standards.

“The EBRD stands by Moldova and will continue to provide the support the country needs to tackle its many challenges and charge ahead on the reformist path it has chosen.”

While in Moldova, President Renaud-Basso will meet President Maia Sandu, Prime Minister Natalia Gavrilita, Minister of Economy and EBRD Governor Sergiu Gaibu, other relevant ministers, and the Governor of the National Bank of Moldova, Octavian Armasu. Discussions will focus on the country’s energy security, business environment, structural reforms and ways to finance local companies’ growth to create jobs, support the development of infrastructure and attract foreign investment to the country.

In addition, the President will hold talks with representatives of the business community, key banks, international financial institutions, diplomatic missions and civil society.

Matteo Patrone, EBRD Managing Director for Eastern Europe and the Caucasus, and Angela Sax, the Bank’s head of Moldova, will join the meetings.

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