Moldovan government continues reforms on improvement of investment climate in Moldova

Chisinau, 16 December /MOLDPRES/ - The government of Moldova and the International Finance Corporation (IFC) will initiate negotiations on the Cooperation Agreement, in order to carry out the project, Reform of Investment Climate in Moldova, phase II. The cabinet of ministers approved a decision to this effect at a meeting today.  

According to the government’s communication and protocol department, the implementation of the agreement’s provisions will contribute to enhancing the competitiveness on market of the private sector and the agricultural exports, through the opening of the EU market for the animal origin goods (fowl, eggs, milk and dairy products). At the same time, the agreement will strengthen the export capacities of the horticultural sector.

The accord sees a string of measures, in order to consolidate the system of food safety in Moldova, including the capacities of laboratory, IT systems, normative basis as to the safety of animal origin goods.  

Another major goal is the settlement of investors’ problems, in order to facilitate the investments and reinvestments, solving the lack of financial information on potential entities in which investments would be made, as well as potential business partners.  

The project’s budget is estimated at 3.8 million dollars, of which 2.8 million dollars will be provided to Moldova as grant on behalf IFC and the rest of the spending will be covered with state budget means.  

photo: mei.gov.md