The World Bank will help the Government of Moldova to establish a set of performance indicators for about 20 public institutions. The indicators will measure the institutions’ openness to the business sector.

Such an agreement was reached by Deputy Prime Minister and Minister of Economy Valeriu Lazar in a meeting with the World Bank mission for preparing the new Competitiveness Enhancement Project (CEP II), IPN reports, quoting a communiqué from the Ministry of Economy.

The objective of CEP II is to improve the competitiveness of the Moldovan companies, especially small and medium-sized enterprises, by strengthening the ties with the market, facilitating access to medium and long-term financing and improving the business sector.
 
The World Bank will provide support in working out an institutional development strategy of the Organization for Developing the SME Sector and the Moldovan Investment and Export Promotion Organization. The institutions will be helped to develop new services and programs aimed at satisfying companies’ needs.

Within CEP II, there will be provided a complementary grant scheme for implementing projects to improve the exporting small and medium-sized businesses.