The European Investment Bank (EIB) is taking an increased vested interest in Moldova by opening a local branch and providing additional support to the country, the bank said Monday.
The opening of the branch in Chisinau is seen by country officials as the European Union's commitment to cooperating with the Republic of Moldova. With a local branch in the country, matters between the country and the bank will be smoother to consolidate and work through.
Moldova has received more support per capita than any other Eastern Partnership nation that the bank has helped. Since the beginning of the bank's operation in Moldova, 13 projects have received support totaling approximately $740 million for things like water, infrastructure and food production.
“We have always put great emphasis on the speed of project development and implementation," Moldovan Prime Minister Iurie Leanca said. "It is important for our people to see the results of EIB activity that brings positive changes to people’s lives."