A project to finance the reform of the investment climate in Moldova will be launched in 2016. The project will have a budget of US$3.2 million and is aimed at improving the investment sphere in Moldova, IPN reports, quoting a communique of the Ministry of Economy.

The project aims to improve the regulation of the entrepreneurial activity and to increase the access to the market, especially of agricultural entrepreneurs by enhancing competitiveness and facilitating export. Among the other objectives of the project are to increase the investment protection level and to ensure gender equality.

For the project to be implemented, the policies will be analyzed in a move to improve the legal framework. The regulation barriers will be eliminated and mechanisms will be worked out to improve and develop the investment climate. The Ministry of Economy is the main beneficiary of the project, alongside another nine institutions.

The two-year project is financed by the Swedish International Development Cooperation Agency.