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Moldovan parliament ratified agreement between Moldova, International Finance Corporation

12:15 | 18.11.2021 Category: Economic

Chisinau, 18 November /MOLDPRES/- The agreement between the Moldovan government and the International Finance Corporation (IFC), worth $ 3.8 million, for the implementation of the Investment Climate Reform in the Republic of Moldova project (phase II) was ratified by the parliament today.

According to the document, the money will be used to increase the competitiveness of the private sector in the export of animal products, including poultry, eggs, milk and dairy products, to the European Union market.

Of the total value of the project, IFC will contribute $ 2.8 million. The Government of the Republic of Moldova will contribute one million dollars by financing state institutions, including payments for goods and services needed to implement the project. At the same time, the project does not provide direct contributions from the state budget.

The period of action of the agreement is until June 30, 2023.

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