EBRD reiterates support for Moldova’s economic transformation in meeting with Prime Minister Dorin Recean

The current status of projects financed by the European Bank for Reconstruction and Development (EBRD), as well as new aspects of cooperation, were discussed during a meeting between Moldova’s Prime Minister Dorin Recean, EBRD Executive Director for Eastern Europe and the Caucasus Matteo Patrone, and Angela Sax, Head of the EBRD office in Moldova. The meeting was held on Tuesday, March 21, according to a press release from the government.

According to the EBRD, Matteo Patrone reaffirmed the Bank’s support for Moldova in his first meeting with Prime Minister Dorin Recean since he was appointed. The officials discussed ongoing projects in the fields of infrastructure, energy, transportation, and waste management. They also discussed the possibility of introducing new financing instruments to develop small and medium-sized businesses and increase the investment attractiveness of Moldova.

Prime Minister Dorin Recean stated that economic development, supporting small and medium-sized enterprises, and ensuring national security are the main priorities of the current government. In this context, the EBRD official reiterated the institution’s support for the necessary transformations in the country’s modernization process.

The authorities’ priorities in dialogue with the EBRD remain: energy security, promoting a sustainable economy, developing a competitive and inclusive private sector, a more resilient financial infrastructure, and improved governance to support connectivity and trade.


Currently, Moldova has signed 58 projects with the financial institution in the financial-banking, infrastructure, energy, and agriculture sectors, with over 500 million euros invested in Moldova last year.

Mr. Patrone’s visit comes a month after the new government, which continues the pro-reform momentum of its predecessor, took the oath of office. Among the new ministers he met in Chisinau were Victor Parlicov, who leads a new Ministry of Energy, Minister of Infrastructure Liliana Dabija, Minister of Economy Dumitru Alaiba (EBRD Governor), and Secretary-General Artur Mija.

He also met with Moldova’s Foreign Minister Nicu Popescu, Governor of the National Bank of Moldova Octavian Armașu (Alternate EBRD Governor), representatives of international financial institutions, Moldovan bank leaders, Danube Logistics CEO Mathias von Tucher, and development partners.

Mr. Patrone’s visit will be followed by that of EBRD Vice President for Policy and Partnerships, Mark Bowman, on March 27.

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