Moldovan Government to present investment projects estimated at USD 1.5 bln

The Government of Moldova will present its development partners a portfolio of investment projects worth USD 1.5 bln, within the frameworks of the Consulting Group Meeting, to be held on December 12 in Brussels, Belgium. Prime Minister Vasile Tarlev stated Saturday, December 9 that the Government prepared a well structured portfolio of projects, matching the development priorities of Moldova. The projects presented for financing to international donors will address infrastructure, especially roadworks; energy field, including projects meant to secure domestic energy production; projects for implementing the agricultural reform etc. Vasile Tarlev mentioned that “authorities will create a proper investment climate in order to make these projects attractive for donors and potential investors”. The meeting will provide opportunity to assess progress in the implementation of the reform program and development agenda for poverty reduction and structural reforms set out in the Economic Growth and Poverty Reduction Strategy Paper (EGPRSP) and the EU-Moldova Action Plan. The Moldovan government delegation will be led by Prime Minister Vasile Tarlev, and will include the First Deputy Prime Minister Zinaida Grecianii, the Deputy Prime Minister and Minister of Foreign Affairs Andrei Stratan, the Minister of Economy and Trade Igor Dodon, and the Minister of Finance Mihail Pop. The meeting will be jointly hosted by the European Commission and the World Bank. The World Bank organizes and chairs Consultative Group meetings where recipient countries and donors meet to discuss the overall reform program and future plans. The first full CG meeting for Moldova took place in March 1995, and the second in December 1997.