Moldova will receive 102.9 million euros from the European Bank for Reconstruction and Development to restore and modernize its centralized irrigation infrastructure
The EBRD has stated its readiness to assist in preparing Moldovan state-owned companies for privatization and to help the authorities with their analysis, audit, and restructuring. The meeting also addressed measures to improve the efficiency of enterprises, strengthen corporate governance, and utilize market mechanisms; however, the parties have not yet disclosed specific decisions or the terms of their cooperation.
Moldova Will Receive an EBRD Loan to Modernize Irrigation Infrastructure in Three Districts
The state-owned company explained why it was unable to secure the entire volume of gas in advance for the upcoming cold season: the decision was influenced by the repayment schedule for the credit line, the characteristics of the liberalizing market, and the need to synchronize purchases with transportation capacity. Energocom also noted that when planning supplies, it relies on international price indicators and strives to avoid additional costs for consumers.
Moldova's external debt increased significantly in the first half of the year, with growth occurring in both the public and private sectors. In its published balance of payments report, the National Bank also disclosed the structure of liabilities, the debt-to-GDP ratio, and key creditors, which allows for an assessment of the sources contributing to the burden on the economy.
The Ministry of Energy has announced its readiness to undergo a professional audit of gas procurement and the risk management system at Energocom amid disputes over prices and supply terms. The ministry asserts that purchases were made in accordance with an approved strategy and international procedures, and explains how the company's expenses were calculated and how the loan proceeds were allocated.
Thanks to the "Energy Efficiency in Moldova" project, energy consumption at 10 national hospitals will be reduced by approximately 41%, resulting in annual savings of 2.8 million euros
With support from the EBRD, a Center for Continuous Learning has been established in Moldova for employees of the National Road Administration to improve project management and build a modern, safe road infrastructure for the country's citizens
The EBRD maintained its GDP growth forecast for Moldova at 2.8% for 2026 and 3.5% for 2027
The National Bank and the EBRD Are Discussing Priorities for Cooperation in the Near Future
The EBRD will provide €344 million for the VI Moldova Road Rehabilitation Project
The EBRD will support Moldova in accelerating economic growth and will sign an agreement by the end of the year to develop irrigation infrastructure to boost the productivity and competitiveness of our country's agriculture
In the first half of 2026, Moldova significantly reduced its external government borrowing compared to the same period last year. The bulk of the proceeds went toward budget support, while project financing from external sources accounted for a smaller share—the full version of the article details which lenders provided the funds and how the borrowing was distributed across sectors.
Moldova's external public debt stood at $4,855.9 million as of the end of July, having increased by $19.2 million (+0.4%) over the month and by $45.3 million (+0.94%) since the beginning of the year
Loading…
