Parliament has ratified a $88.4 million Multi-donor Trust Fund Grant Agreement between Moldova, on the one side, and the International Bank for Reconstruction and Development and the International Development Association, on the other. The grant will be disbursed in a single installment and will be intended for co-financing the “Moldova Emergency Response, Resilience and Competitiveness Development Policy Operation 2” Program.
The financial assistance will be granted by the United States and Switzerland under eight actions carried out by Moldova. The money will be used to finance the needs of the public budget, with the purpose of mitigating the negative effects caused by the war in Ukraine, as well as to ensure the country’s resilience and competitiveness.
In late May, the World Bank approved the financing of the DPO-2 Program, consisting of €92.1 million (loan), $25 million (non-refundable concessional amount) and $9.3 million (grant). The grant agreement between Moldova and IBRD+IDA was signed on August 9, 2023.
