In Moldova, it is important to use alternative financing instruments to develop the local economy and attract investment in infrastructure - the National Bank of Moldova (NBM)
This was stated by Petru Rotaru, First Vice President of the National Bank of Moldova, speaking at the event "Municipal Bond Market in Moldova: Investment Opportunities and Prospects," organized by the Expert-Grup Independent Analytical Center. The meeting brought together representatives of central and local governments, financial institutions, and economic experts to analyze the results and experiences of city administrations issuing municipal bonds—a modern financing instrument that allows administrations to attract strategic investment for local development projects under flexible and transparent terms. In his speech, Petru Rotaru emphasized that municipal bonds represent a viable financial instrument with low costs, transparent distribution, and effective control of resources, thus serving as an important alternative to bank lending for local infrastructure projects. "This mechanism brings concrete results for local authorities." "We need to develop this infrastructure, and we want more banks to be involved in this process so that local governments can begin issuing bonds on a larger scale. We want to have more alternative financing instruments for both the public and private sectors. Municipal bonds provide local governments with access to the resources needed to invest in infrastructure and improve the quality of life in communities, thereby contributing to local economic development," emphasized the First Vice President of the NBM. In this context, he noted that the introduction of this financial instrument helps local governments attract investment for sustainable development projects and also contributes to the development of the capital market in Moldova. During a discussion on the diversification of investment opportunities, representatives of the mayoralties of Ceadîr-Lunga, Leova, and Ungheni presented municipal bond issues planned for 2026 and projects that will contribute to the development of local infrastructure. // 01.07.2026 — InfoMarket







