The Republic of Moldova will participate in the capital increase of the Council of Europe Development Bank (CEB), following the approval of a resolution by the Governing Board. According to a draft law that was given a final reading by Parliament, participation in the capital increase will result in access to advantageous financing conditions, IPN reports.

Moldova was invited to subscribe for new participation certificates worth €4,258,000. The resolution sets the proportion of paid-up capital for this capital increase at 28.24 % of the subscribed capital. The paid-up capital, which will amount to €1,202,459, is to be paid in four equal instalments over the period of 2025-2027. The necessary financial means are to be planned, each year, in the annual budget laws.

According to the explanatory note of the draft law, the country's participation in the capital increase will result in access to advantageous financing conditions and will increase the international visibility of the Republic of Moldova by contributing to strengthening the image and visibility of the state internationally. Another objective is to emphasize the country's commitment to strengthening international cooperation and supporting sustainable development in the region.

So far, the Council of Europe Development Bank has carried out six capital increases, and the Republic of Moldova participated only in the 2012 increase, ensured from the Bank's reserve fund.

The Republic of Moldova has been part of the Council of Europe Development Bank since 1998 and has so far benefited from loans of approximately €230 million for the implementation of eight projects. These are the construction of social housing, the modernization of the National Clinical Hospital "Timofei Moșneaga", building of a regional hospital in the north of the country, purchase of ambulances, etc. Likewise, €23 million worth of grants were awarded.