The legislative body voted to ratify the agreement of consultancy between the Government of the Republic of Moldova, represented by the Ministry of Economy and Infrastructure, and the International Finance Corporation that was signed on July 24, 2017.
Under the agreement, the IFC will offer technical assistance to Moldova to the value of US$ 3.2 million. The Government will contribute 5% of the sum, while the Ministry of Economy and Infrastructure will provide logistic support, IPN reports.
Angela Susanu, secretary of state at the Ministry of Economy and Infrastructure, said in Parliament that the agreement’s general objectives are to improve the business climate in agriculture and to enhance the competitiveness of the private sector’s market with the aim of increasing exports and investments in Moldova.
The agreement also envisions the provision of consultancy services in three key areas, namely improvement of the business climate, strengthening of market access with emphasis on the agro-industrial sector and enhancement of investment protection.
The agreement will take effect when the IFC receives, through diplomatic channels, the Government’s confirmation of the fulfillment of the internal procedures needed for this to come into force.
