The Organization for Development of Entrepreneurship (ODA) will be transformed into a development bank, Logos Press reported.

Eugeniu Osmokescu, Minister of Economic Development and Digitalization, has proposed the creation of a Development Bank of Moldova, Logos Press reported.

By the end of the year, Moldova will transfer the first tranche of 300.6 thousand euros of its participation in the capital increase of the Council of Europe Development Bank (CEB), Logos Press reports.

The countries of the Shanghai Cooperation Organization (SCO) have agreed to establish the SCO Development Bank and seek fundamental reform of the international financial architecture, Logos Press reported.
