{"id":106857,"date":"2023-02-04T23:02:43","date_gmt":"2023-02-04T21:02:43","guid":{"rendered":"https:\/\/eu4moldova.eu\/?p=106857"},"modified":"2023-02-05T23:06:30","modified_gmt":"2023-02-05T21:06:30","slug":"moldova-support-platform-the-european-investment-bank-eib-to-continue-investing-in-moldova","status":"publish","type":"post","link":"https:\/\/eu4moldova.eu\/en\/moldova-support-platform-the-european-investment-bank-eib-to-continue-investing-in-moldova\/","title":{"rendered":"Moldova Support Platform: the European Investment Bank (EIB) to continue investing in Moldova"},"content":{"rendered":"\n
The European Investment Bank (EIB), the bank of the European Union, is continuing to provide financial and technical support to the Republic of Moldova by investing almost \u20ac280 million in loans and mobilising some \u20ac16 million in grants for the public and private sectors in 2022.<\/p>\n\n\n\n
EIB Vice-President Teresa Czerwi\u0144ska announced on 21 November 2022 new investments for 2023 in key sectors of the Moldovan economy at the third ministerial conference of the Moldova Support Platform, including investments in transport, energy and healthcare projects across the country. These investments will help Moldova mitigate the economic and social effects of Russia\u2019s invasion of Ukraine, and support Moldova\u2019s accession to the European Union.<\/p>\n\n\n\n
EIB Vice-President Teresa Czerwi\u0144ska, who is in charge of operations in Moldova, said:\u00a0\u201cThe EIB will continue to contribute towards an economically strong, energy-independent and green Moldova. So far, we have done this by investing \u20ac280\u00a0million and mobilising a further \u20ac16\u00a0million in grants for projects in the public and private sectors in 2022 alone. 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. Today, at the Moldova Support Platform in Paris, we informed our partners of these plans and sent a very clear message \u2014 Moldova can continue to count on the EIB<\/em>.\u201d<\/p>\n\n\n\n
J\u0101nis Ma\u017eeiks, Ambassador of the European Union to the Republic of Moldova, <\/strong>said: \u201cThe 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 \u20ac64 million to joined EU-EIB initiatives. For the future, the EU already announced \u20ac250 million, of which \u20ac50 million is assisting the Country\u2019s budgetary needs to overcome this 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 \u20ac20 million grant for the rehabilitation of railways, will facilitate Moldova\u2019s 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<\/em>.\u201d<\/p>\n\n\n\n
Additional EIB financing for Moldova in 2023 <\/strong><\/p>\n\n\n\n
In line with EU and Moldova\u2019s priorities, the EIB confirmed its readiness to continue its engagement in the country, in particular to help Moldova overcome the significant challenges it currently faces in the energy sector and the economy generally.<\/p>\n\n\n\n
In 2023, the EIB expects to provide loans, blended with grants and technical assistance, of approximately \u20ac150\u00a0million to \u20ac170\u00a0million. The funding is expected to cover a wide range of projects focusing on energy efficiency and climate mitigation in line with the European Green Deal initiative in the region, responding to the country\u2019s needs in the health and digitalisation sectors, and investing in Moldova\u2019s agri-food sector.<\/p>\n\n\n\n<\/figure>\n\n\n\n
EIB and Team Europe to invest in energy, transport and healthcare infrastructure<\/strong><\/p>\n\n\n\n
Russia\u2019s war against neighbouring Ukraine poses complex economic and social challenges for Moldova. These include a dramatic increase in energy prices, high inflation, disrupted supply chains, lost trade opportunities, and the humanitarian emergency triggered by the large inflow of war refugees from Ukraine. The Moldovan government and the EIB have been working together throughout 2022 to mitigate these negative effects on the national economy.<\/p>\n\n\n\n
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