Competition: “Expert-Grup” Selects Three Town Halls to Receive Support in Issuing Municipal Bonds
Automatically translated summary. The full article is available in Romanian.
The Independent Think Tank “Expert-Grup” has announced a competition to select three town halls in Moldova that will receive training and assistance in issuing municipal bonds for investment projects of community importance. Interested municipalities must submit a letter of interest by 27 November 2020.
The selected town halls will be trained in issuing municipal bonds in line with international best practice and good governance principles. They will also be supported at each stage: identifying financing needs and investment areas transparently and in consultation with local communities; selecting the bond intermediary in compliance with public procurement rules; issuing the bonds, largely open to all who wish to invest; and managing the funds raised transparently.
Letters of interest should be sent to info@expert-grup.org. Priority will go to municipalities with a solid local tax base, in line with the prudential norms set by law. The competition is part of the project “Local Government Bonds as a Measure to Increase Local Autonomy”, implemented by Expert-Grup with the support of the Embassy of the Kingdom of the Netherlands in Chișinău.
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