In Moldova we focus on:
- Creating the conditions to support private sector development: The EBRD is supporting measures to improve the business environment, both through investment projects which help attract foreign direct investors, as well as through engaging with the Moldovan authorities to promote much-needed reforms. The EBRD is supporting the Economic Council, an advisory body to the Prime Minister, which brings together policy-makers and the business community with a view to enhancing the business climate. Improving the business climate is crucial for the Bank’s ability to further support the private sector and attract investment. Governance and transparency in the banking sector are particular concerns and the EBRD is working closely with the authorities to address them.
- Promoting European standards and regional integration: The EBRD is investing in projects which help Moldova develop value-added exports – especially in manufacturing and agribusiness sectors – which will be competitive in regional markets. As Moldova and the EU are moving forward towards a Deep and Comprehensive Free Trade Area (DCFTA), Moldovan companies need to adopt higher production and quality standards than those currently applied. In addition, the EBRD is financing improvements in the country’s infrastructure to develop links to neighbouring countries as well as internal transport infrastructure needed to bring domestic producers closer to their markets. The Bank is contributing to strengthening energy security and efficiency, and is helping develop the telecommunications sector.
- Enhancing commercialisation and sustainability of municipal enterprises: The EBRD is continuing to finance regional and municipal water supply companies and is looking into ways to modernize district heating and solid waste management and promote public-private partnerships (PPPs) in the sector.
As well as being a country where the EBRD works, Moldova is also an EBRD donor. Moldova contributed €1.2 million to the Eastern Europe Energy Efficiency and Environment Partnership (E5P) Fund.
The EBRD’s latest Moldova strategy was adopted on 29 November 2017
- Moldova private sector diagnostic
- The EBRD's latest Moldova Strategy
- Local language translation
- Report on the invitation to the public to comment on the Moldova strategy
Moldova's policy response to the coronavirus crisis
The EBRD is monitoring Moldova's policy response to the coronavirus pandemic. Our biweekly publication identifies the major channels of disruption as well as selected impact and response indicators.
EBRD forecast for Moldova’s Real GDP Growth in 2021 4.5%
EBRD forecast for Moldova’s Real GDP Growth in 2022 4.0%
The Moldovan economy is poised to recover in 2021 after a 7.0 per cent contraction in 2020, on the back of growing export demand and revived household consumption. Exports and private consumption plummeted by 15.5 and 7 per cent respectively in 2020, while investments in fixed assets declined by 2.1 per cent. On the production side, agriculture was the main contributor to the economic decline, contracting by 27.1 per cent. The current account deficit narrowed from 9.3 per cent
of GDP in 2019 to 6.7 per cent at the end of 2020, mainly financed by debt instruments. As a result, international reserve assets remained high at US$ 3.8 billion in May 2021.
of GDP in 2019 to 6.7 per cent at the end of 2020, mainly financed by debt instruments. As a result, international reserve assets remained high at US$ 3.8 billion in May 2021.
