The EIB will provide €94 million to maib to stimulate local entrepreneurship, create new jobs and increase the sustainability of Moldova's private businesses.
This will be envisaged in two agreements for a total of €94 million, which EIB Global (a specialized unit of the European Investment Bank Group) and maib will sign on April 10 in Chisinau within the framework of the conference "EU-Moldova Private Sector Investment". The event is organized by the European Commission's Directorate General for Neighbourhood and Enlargement Negotiations (DG NEAR), the EU4Business initiative and the European Investment Bank (EIB). It will be attended by EU Ambassador to Moldova Jānis Mažeiks, Moldovan Minister of Economic Development and Digitalization Dumitru Alaiba, Director of the Eastern Neighbourhood and Institutional Strengthening Department of DG NEAR Adrienn Kiraly and Director of the Investment Agency of Moldova Natalia Bejan. The conference "EU-Moldova Private Sector Investment" is a platform to promote the opportunities offered through EU financial instruments that support private sector investment in Moldova. The event will bring together European and Moldovan entrepreneurs to explore investment opportunities in the fields of renewable energy, agri-food and digital technologies. The conference will present the implementation of structural reforms in Moldova in the process of European integration. The conference is organized within the framework of the EU-Moldova Private Sector Mobilization Mission and is intended to prepare the ground for the Moldova Investment Conference to be held by the Ministry of Economic Development and Digitalization in September 2024. The EUR 94 million financial package to be signed by EIB Global and maib is an initiative supported by the European Commission to stimulate local entrepreneurship, promote job creation and increase the sustainability of Moldova's business sector. The financial package includes a €50 million loan from the EIB to maib, designed to improve access to finance and stimulate investment in green technologies. Small and medium-sized Moldovan enterprises will receive loans on attractive terms: for a long term, at favorable interest rates, in foreign and local currency. With the signing of a partial portfolio guarantee supported by the EU's European Fund for Sustainable Development (EFSD), EIB Global will complement Moldova's private sector financial support offer. This risk-sharing operation will mobilize a further €44 million in loans targeted at SMEs. The European Investment Bank is a long-term financial institution of the European Union, owned by its Member States. The EIB provides long-term financing for sound investments to help achieve EU policy objectives. EIB Global is a specialized division of the EIB Group, dedicated to increasing the impact of international partnership and development finance, and a key partner of Global Gateway. // 08.04.2024 – InfoMarket
