EUROPEAN INVESTMENT BANK WILL PROVIDE MOLDOVA WITH 150-170 MILLION EUROS IN 2023

The European Investment Bank (EIB), the bank of the European Union, is continuing to provide financial and technical support to the Republic of Moldova and in 2023 it expects to provide the country with loans, blended with grants and technical assistance, of approximately 150-170 million euros. INFOTAG reports that the bank's press service stated this following the participation of EIB Vice-President Teresa Czerwinska, who is in charge of operations in Moldova, at the third ministerial conference of the “Moldova Support Platform” held on the eve of in Paris.

According to the report, in 2022, the European Investment Bank invested almost 280 million euros in Moldova in loans and mobilized about 16 million euros in grants for the public and private sectors. The funding will cover a wide range of projects aimed at improving energy efficiency and climate change mitigation in line with the European Green Deal initiative in the region, addressing the country's health and digitalization needs, and investing in Moldova's agri-food sector.

“Next year, our priority will be investments in the energy and transport sectors, which will help Moldova achieve energy independence and integrate further with the European Union. We also plan to support healthcare projects that aim to ensure access to high-quality medical services. Our investments can bring tangible improvements to the lives of people in Moldova, establishing the EIB as a reliable partner for the country. At the “Moldova Support Platform” in Paris, we informed our partners of these plans and sent a very clear message — Moldova can continue to count on the EIB,” EIB Vice-President Teresa Czerwinska emphasized.

The Ambassador of the European Union to Moldova, Janis Mazeiks, also added that the European Union is "pleased to have joined forces with the EIB in assisting Moldova during the present energy crisis."

“To date, the EU contributed non-reimbursable funds of 64 million euros to joined EU-EIB initiatives. For the future, the European Union already announced the allocation of 250 million euro, of which 50 million euros is assisting the country’s budgetary needs to overcome the coming winter period. Furthermore, the European Union is committed to support Moldova in connecting its transport infrastructure to the TEN-T. In the immediate future the EU will provide 20 million euros grant for the rehabilitation of railways, will facilitate Moldova’s participation in the Transport Community Treaty and will assist the country to develop its national mobility strategy. As such, we remain committed to an effective and continued dialogue in this direction,” the diplomat stressed.