Expert-Grup

Moldova’s fundamental problem is not necessarily financing, but rather more efficient governance, identifying investment priorities and managing projects already started

Monday, 8 June 20203935 views
Moldova’s fundamental problem is not necessarily financing, but rather more efficient governance, identifying investment priorities and managing projects already started

Automatically translated summary. The full article is available in Romanian.

Independent Think Tank “Expert-Grup” held a videoconference on Moldova’s investment priorities and possible financing sources amid the pandemic crisis. Experts, government officials and business representatives discussed how to relaunch the economy, as forecasts point to a GDP decline of between 3% and 6.3% this year.

Sergiu Gaibu urged investment that creates value added, support for exporters and import substitutes, and quality infrastructure such as certification centres. Dumitru Pîntea outlined financing options: low-cost international loans, the domestic government securities market and a eurobond, which requires a clear investment programme and an institutional coordination mechanism.

Oleg Tofilat said a sovereign bond lowers corporate bond costs by about 3 percentage points, but admitted the state is weak at managing infrastructure. Iuliana Drăgălin cited the planned rehabilitation of 517 km of road worth USD 385 million and a programme for exporters. Iulia Costin described ODIMM support for SMEs, including MDL 28 million in grants. Ion Sturza warned of a possible lost decade. Adrian Lupușor called for financial support to businesses and a short-, medium- and long-term economic vision.

View the original article in Romanian