Cistran Finance Exploring the Spirit of Capitalism's New Frontier

Sunday, December 10, 2017

EBRD visits Moldovan leadership

The European Bank for Reconstruction and Development (EBRD) sent a delegation to Moldova to meet with officials including Prime Minister Chiril Gaburici Monday and Tuesday.

Finance Minister Anatol Arqapu, Economic Minister Stephanie Bride, Deputy Minister of Foreign Affairs and European Integration Daniela Cujb and Environmental Minister Sergiu Palihovici were also in attendance. 

“The EBRD is a strong partner for Moldova," EBRD's Managing Director Francis Malige said. "We work with the public and private sectors, providing much-needed investment, advice and support for reforms.”

The meeting was primarily focused on investments in the country and what priorities each entity had going forward for the next three years. The EBRD also agreed that it would support the government in reforms of its investment climate and the private sector.

The issue of governance and transparency is a concern for the bank, and Malige said that coupled with a weak judicial system could be detrimental to economic progress. As a result of prior concern, the bank's funding decreased from approximately $44 million in 2010 to approximately $11 million this past year.

Organizations in this story

European Bank for Reconstruction and Development One Exchange Square London EC2A 2JN United Kingdom

Get notified the next time we write about European Bank for Reconstruction and Development!