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Moldova to sign agreement with International Finance Corporatrion on reform of investment climate

16:17 | 16.12.2020 Category: Economic

Chisinau, 16 December /MOLDPRES/ - The cabinet ministers today approved a decision on starting negotiations on the agreement on cooperation between the Moldovan government and the International Finance Corporation (IFC) for the carrying out of the project, Reform of investment climate in Moldova, phase II.  

Under the decision, an official delegation, led by the state secretary at the Agriculture, Regional Development and Environment Ministry (MADRM), Tatiana Nistorica, is empowered to negotiate the draft agreement on cooperation between the Moldovan government and the International Finance Corporation.    

The agreement’s goal is to enhance the market competitiveness of the private sector and the agricultural exports through the opening of the EU market for the products of animal origin (fowl, eggs, milk and dairy products) and strengthening the capacities of export in the horticultural sector. At the same time, a major goal is also the solving of investors’ problems, in order to facilitate investments and reinvestments, settle the lack of financial information on potential entities in which investments would be made and potential business partners.       

The cooperation agreement is envisaged to be signed at the inter-governmental level. To achieve the goal set, the agreement provides for activities related to the strengthening of the system of food safety in Moldova, including the capacities of laboratory, IT systems and normative basis concerning the traceability and safety of the animal origin products; backing the public-private dialogue through the Economic Council under the Prime Minister and transparentizing of the private sector through the creation of the depositary of financial situations.

This decision enters into force on the date of its publication in Moldova’s Official Journal.



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