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The EBRD is ready to provide Moldova with 25 million euros for the implementation of a project for the disposal of solid waste with a total cost of 103 million euros.

The EBRD is ready to provide Moldova with 25 million euros for the implementation of a project for the disposal of solid waste with a total cost of 103 million euros.

As noted in the materials of the European Bank for Reconstruction and Development, the Board of Directors of the EBRD plans to make a decision on the issue of granting a loan to Moldova for this project at a meeting on December 8. These EBRD funds are intended to finance priority investments to improve solid waste management services across the country, create integrated solid waste management systems in participating waste management regions, in line with Moldova's National Waste Management Strategy and the country's commitments under the Association Agreement with the EU. The project is an important step towards sustainable solid waste management in Moldova. The EBRD loan will be provided in several tranches. The first tranche is expected to be released upon signing the loan agreement and will co-finance investments in Waste Management Region 5, which includes Ungheni, Nisporeni and Calarasi districts. Subsequent tranches will be used to finance other waste management regions that will be proposed by the Moldovan government and supported by feasibility studies. It is noted that the total cost of the project "Solid Waste in Moldova" will amount to 103 million euros. The EBRD loan will be complemented by a € 25 million loan from the European Investment Bank. It is also expected that the project will be co-financed through loans and grants from other international donors. Earlier it was reported that the total cost of creating a solid waste management infrastructure in Moldova is estimated at 200 million euros, and the European Investment Bank is ready to provide our country with a loan of up to 100 million euros, with the first tranche amounting to 25 million euros. In general, the project "Solid waste in Moldova" will allow to modernize and develop regional systems and installations for the management and processing of solid waste in the Republic of Moldova. It will contribute to the creation of new waste collection systems, installations for the processing of organic materials and biological waste in 8 regions of the country.// 05.10.2021 — InfoMarket

News on the subject

The income of Moldovan banks from the exchange rate difference in January-August 2021 amounted to 733.96 million lei, decreasing by 93 million (-11.2%) compared to the same period in 2020.
The income of Moldovan banks from the exchange rate difference in January-August 2021 amounted to 733.96 million lei, decreasing by 93 million (-11.2%) compared to the same period in 2020.
The EIB is ready to provide Moldovan gardeners with about 60 million euros for the development of their business under the Livada Moldovei program.
The EIB is ready to provide Moldovan gardeners with about 60 million euros for the development of their business under the Livada Moldovei program.
Moldova is preparing to start a dialogue on joining the Single Euro Payments Area (SEPA).
Moldova is preparing to start a dialogue on joining the Single Euro Payments Area (SEPA).
All banks of Moldova comply with prudential indicators for large exposures or exposures to affiliates.
All banks of Moldova comply with prudential indicators for large exposures or exposures to affiliates.
The net profit of the banks of Moldova in January-August 2021 amounted to 1 billion 417.96 million lei, an increase of 430.48 million (+ 43.6%), compared to the same period in 2020.
The net profit of the banks of Moldova in January-August 2021 amounted to 1 billion 417.96 million lei, an increase of 430.48 million (+ 43.6%), compared to the same period in 2020.
Moldova’s financial system demonstrated stability in 2020, and despite all the problems, the banking sector still proved good financial performance, with good profitability and solvency - the NBM stated.
Moldova’s financial system demonstrated stability in 2020, and despite all the problems, the banking sector still proved good financial performance, with good profitability and solvency - the NBM stated.