A new Country Partnership Strategy for the Republic of Moldova for 2014-17 has been discussed by the World Bank Group’s Board of Executive Directors. The four-year strategy will guide the World Bank Group’s support to the country, IPN reports.

According to a press release from the World Bank, the new strategy foresees total financial support by the World Bank Group of US$570 million, with access to the International Development Association (IDA), International Bank for Reconstruction and Development (IBRD) and International Finance Corporation (IFC) funding.

“This Country Partnership Strategy seeks to deliver direct benefits to the people of Moldova,” said Abdoulaye Seck, World Bank Country Manager for Moldova. ”It  aims to support critical reforms that will help create jobs and raise incomes, improve access and quality of public services, and protect the people of Moldova from the vulnerabilities associated with recurrent droughts, floods, and other natural disasters.”

The strategy will support Moldova across three main pillars: increasing competitiveness; enhancing human capital and minimizing social risks, and promoting a green, clean and resilient Moldova. The IFC’s operations in Moldova will continue to focus on investment and advisory activities that enable private sector growth and diversification in support of the main strategy pillars.