World Bank Approves $250 Million Loan to Support Moldova Reforms
The programme has been developed in cooperation with the European Union and the International Monetary Fund (IMF), reflecting ongoing international support for Moldova's reform agenda.
- Country:
- Moldova
The World Bank has approved a $250 million Development Policy Loan (DPL) for Moldova, providing fresh support for economic reforms aimed at boosting growth, creating jobs, and strengthening the country's path toward European Union membership.
The Growth and Resilience Development Policy Loan is the first of two planned operations designed to help Moldova improve economic competitiveness, increase market transparency, and build greater resilience against future economic shocks. The programme has been developed in cooperation with the European Union and the International Monetary Fund (IMF), reflecting ongoing international support for Moldova's reform agenda.
Reforms target business growth and market efficiency
The loan will support a range of measures intended to improve the business environment and encourage investment. Planned reforms include simplifying business registration procedures, promoting more competitive and sustainable public procurement practices, and increasing innovation within the banking sector. Consumer protection measures are also expected to be strengthened, while financial institutions will be encouraged to adopt sustainable financing practices aligned with European Union standards.
World Bank Group Country Manager for Moldova Ulrich Schmitt said the country has a significant opportunity to accelerate its economic development through productivity-driven growth and closer integration with the EU. He noted that Moldova's candidate status for EU membership creates momentum for reforms that can help raise living standards and strengthen long-term economic prospects.
Education, energy and transport among key priorities
Beyond economic reforms, the programme includes measures aimed at improving access to early childhood education and helping temporary workers move into formal employment. Several initiatives focus on increasing resilience and strengthening links with European markets. These include efforts to integrate Moldova into EU electricity markets, modernise district heating systems, and improve the efficiency of transport infrastructure connected to the Trans-European Transport Network (TEN-T).
The World Bank says the loan aligns closely with its broader partnership strategy for Moldova, which focuses on expanding formal employment opportunities, improving human capital, and increasing investments that strengthen economic resilience. Since joining the World Bank in 1992, Moldova has received more than $1.8 billion in funding through over 45 projects. The World Bank Group continues to support the country through investments, advisory services, and risk insurance programmes across a range of sectors.
ALSO READ
-
India-EU Tech Business Forum: Forging Digital and Trade Alliances
-
ILO, Ukraine Launches New Labour Recovery Plan Through 2029
-
IFAD Launches Ghana Agriculture Plan to Create 2.6 Million Jobs
-
IMF Appoints New Mission Chief for Venezuela Amid Debt Restructuring Moves
-
Ukraine's EU Accession: A Promise of Progress
Google News