The European Bank for Reconstruction and Development (EBRD) is interested in developing relations of cooperation with Moldova at all the levels, including in supporting investment projects, the Bank’s president Suma Chakrabarti said in a working meeting with First Deputy Prime Minister and Minister of Economy Octavian Calmac, who is taking part in the EBRD 2016 Annual Meeting in London on May 10-12, IPN reports.

According to the Ministry of Economy’s press service, Suma Chakrabarti said the EBRD monitors the developments in Moldova following the voting in of the new Government and welcomes central authorities’ efforts aimed at implementing efficient reforms in all the social-economic spheres. The steps taken by the Moldovan authorities started to give the first positive signs of stabilization and therefore the EBRD is interested in a constructive and long-lasting dialogue at all the levels, including in the banking sector, energy, roads and infrastructure. The management of the European funds for implementing the DCFTA and financially supporting the private sector is the last initiative.

Octavian Calmac spoke about the policies pursued by the Government to improve the socioeconomic situation in the country and about the future strategies that will be implemented. In this connection, he noted that the executive managed to carry out a set of social projects that ultimately enabled to reduce the electricity and natural gas tariffs for end-users, to raise pensions, etc.

Since it started work in Moldova in 2005, the EBRD has invested over €1,071 million cumulatively in 110 projects in agribusiness, energy, the financial sector, infrastructure and manufacturing. The Bank’s current portfolio of projects is €447 million. The private sector share of portfolio represents 24%.