EBRD launches 35 mln euro financing facility in Moldova

Over the next five years, loans under the EBRD Moldovan Residential Energy Efficiency Financing Facility (MoREEFF) will be provided through credit lines extended to commercial banks taking part in the programme, the EBRD said in a statement on Tuesday.

Moldovan lender Moldinconbank has already signed a 5.0 million euro transaction for on-lending to private individuals and condominium under MoREEFF, and other banks have also expressed interest in the financing programme, the statement added.

EBRD has committed about 700 million euro in Moldova’s economy so far.

($ = 0.7719 euro)