The EBRD lowered its 2024 growth forecast for Moldova from 3.5% to 3.2%, citing risks stemming from the expiration of a gas transit agreement with Ukraine at the end of 2024. The potential energy supply disruptions threaten growth, though Moldova’s EU accession progress could boost the business environment and attract investment. Despite these challenges, foreign financing remains robust, helping to cover the balance of payments gap and supporting the exchange rate.