The National Bank of Moldova said First Deputy Governor Petru Rotaru used a market event on municipal bonds to position the instrument as a viable, lower-cost and more transparent financing option for local public authorities. In remarks at the Expert-Grup event on opportunities and investment prospects in Moldova's municipal bond market, he said municipal bonds offer an important alternative to bank lending for local infrastructure projects, with transparent allocation and effective monitoring of resources. Rotaru also called for further development of the market infrastructure and greater bank participation so that local administrations can issue bonds on a wider scale. He linked wider use of municipal bonds to broader diversification of financing for both the public and private sectors and to the development of Moldova's capital market. The event brought together central and local authorities, financial institutions and economic experts to review results to date and municipalities' experience, while representatives of Ceadir-Lunga, Leova and Ungheni outlined municipal bond issues planned for 2026 and the local infrastructure projects they are intended to support.
National Bank of Moldova2026-07-01
National Bank of Moldova highlights municipal bonds as a lower cost alternative to bank lending for local infrastructure
The National Bank of Moldova said First Deputy Governor Petru Rotaru described municipal bonds as a viable, lower-cost and transparent alternative to bank lending for local infrastructure projects. He also called for more bank involvement and further market development to support wider issuance, while municipalities including Ceadir-Lunga, Leova and Ungheni presented bond issues planned for 2026.