MP: European Growth Plan could bring Moldova investments of 2.5 billion euros and 100,000 jobs
The Republic of Moldova could benefit from total investments of over 2.5 billion euros following the implementation of the European growth plan for the country. Head of the parliamentary committee for economy, budget and finance Radu Marian made the statement at a TV show.
He said that in addition to the 1.9 billion euros allocated through the European Plan, another 2.5 billion euros will be drawn from private investments and international financial partnerships. As a result of the investments, there will be 100,000 jobs and GDP will double, thus increasing the income of the citizens.
He highlighted that this capital injection into the economy will bring real prosperity to the citizens, being the most ambitious economic development plan Moldova has ever had.
The official said that the level of public debt is below the European average, with the servicing cost of the debt being only 5%, and the country has access to advantageous external loans with interest rates three times lower than domestic ones.
"It is in our strategic interest to attract this money to develop the infrastructure. Only from the national budget it would take us 40–50 years to rehabilitate the roads. With these loans, we can do it in 10 years," he added.
The deputy emphasized the importance of maintaining a pro-European and stable governance to implement this ambitious plan.
Read also: Parliament ratified Facilitation Agreement between Moldova and EU
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