During his visit to Moldova, EBRD Vice President Alain Pilloux will discuss with the authorities the food and energy security of the country.
As noted in the message of the European Bank for Reconstruction and Development, he will visit Moldova on a 3-day visit, starting from July 11, to highlight the EBRD's support for Moldova in the context of the war in Ukraine and to hold talks with the Moldovan authorities on the food and energy security of the country and on how to make progress in promoting Moldova's candidacy for the European Union. During the visit, Alain Pilloux plans to visit the port of Giurgiulesti. The bank is the sole owner of Danube Logistics, the port operator. The port's capacity doubled in 2022 after Russia imposed a blockade of Ukrainian ports on the Black Sea, demonstrating the port's value in improving both Moldovan and regional food and energy security. Alain Pilloux's visit comes after the recent signing of a €300 million EBRD loan in June to support Moldova's energy security. This was in line with the €2 billion Resilience and Livelihoods Program that the EBRD launched this spring to help Ukraine and neighboring countries confront the challenges of a war that has displaced millions of Ukrainians. The framework ranges from restructuring and emergency liquidity support for enterprises and support for the recovery of small and medium-sized enterprises to support the energy security. In the case of Moldova, the EBRD is working closely with the government to improve both energy security and food security, including by actively contributing to the continued successful operation and development of the Giurgiulesti Port, the country's key infrastructure asset. While in Moldova, the EBRD Vice President will meet with Moldovan President Maia Sandu, Prime Minister Natalia Gavrilita, Speaker of Parliament Igor Grosu, Minister of Economy and Governor of the EBRD Sergiu Gaibu, President of the National Bank of Moldova Octavian Armasu, development partners and business clients, as well as colleagues from Giurgiulesti port. The EBRD is the leading institutional investor in Moldova and has invested €1.7 billion in the country to date through 158 projects. It has also provided consulting services to more than 1,000 Moldovan firms to help them improve performance and grow. Its focus in Moldova is on creating an environment that supports the activities of the private sector, promoting European standards in all sectors and regional integration to bring domestic producers closer to their markets, as well as developing efficient and sustainable public services that have a direct impact on people's lives. // 08.07.2022 — InfoMarket
