To Petru Rotaru
This was discussed today at a meeting of representatives from central and local government bodies, financial institutions, and economic experts titled “The Municipal Bond Market in the Republic of Moldova: Investment Opportunities and Prospects.”
“This mechanism yields tangible results for local authorities. We need to develop this infrastructure, and we want more banks to participate in this process so that local administrations can begin issuing bonds on a larger scale. We want to have more alternative financing instruments for both the public and private sectors,” emphasized Petru Rotaru, First Deputy Governor of the NBM.
In this context, Rotaru noted that the introduction of this financial instrument not only helps local governments attract investment for sustainable development projects but also contributes to the development of the capital market in the Republic of Moldova.
In addition, during the discussions, representatives from the city halls of Cădîr-Lunga, Leova, and Ungheni announced new municipal bond issuances planned for 2026 and projects that will contribute to the development of local infrastructure.
The municipal bond market in Moldova is still in its early stages. Its total volume is estimated at approximately 93–100 million lei, thanks to issuances by individual municipalities.
Municipal debt currently lags behind government securities; however, the National Bank of Moldova (NBM) officially recognizes municipal bonds as one of the key instruments for alternative financing of local infrastructure.
