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Mayors for Economic Growth initiative started in Moldova

09:06 | 06.10.2021 Category: Economic

Chisinau, 6 October /MOLDPRES/- The European Union (EU) and United Nations Development Program (UNDP) have launched new phase of the Mayors for Economic Growth (M4EG) initiative in Moldova. It will aim to stimulate green and equitable development in the Eastern Partnership region - Armenia, Azerbaijan, Belarus, Georgia, the Republic of Moldova and Ukraine.

Based on the results of the previous phase (2017-2020), the initiative will set new innovative tools and practices to address the current and future challenges of localities in the Eastern Partnership countries.

"The European Union attaches great importance to regional economic development. A strong economy is the foundation for a well-managed locality. With EU support, this initiative will focus on sustainable economic growth, which creates more jobs and generates better incomes and contributes to improving living standards. The first stage of the program involved over 45 localities and contributed to the creation of a business incubator and several information centers, supporting 3,000 beneficiaries. The second stage will provide funding opportunities for local authorities, to create their own solutions adapted to local realities and to implement them in their localities, for the benefit of citizens, "said Jānis Mažeiks, EU Ambassador to Moldova.

"We appreciate the fact that Moldova is part of this new regional action and reaffirm the commitment of UNDP Moldova to promote innovative approaches to the sustainable development of cities and communities. This is an extremely relevant and timely initiative, which will support the country's recovery efforts from the pandemic crisis, by stimulating inclusive growth and job creation, in partnership with local authorities. The localities will elaborate and implement local economic development plans, in accordance with the principles of good governance and good financial management ", said Dima Al-Khatib, UNDP Resident Representative in the Republic of Moldova.

In late September, the EU and UNDP Moldova launched a new call for expressions of interest "Portfolios for Municipal Transformation" under the Mayors for Growth (M4EG) initiative. This invitation is addressed to current members of the M4EG initiative.

Photo: UNDP

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