National Fund for Regional and Local Development to be set up in Moldova

13:59 | 10.02.2022 Category: Economic

Chisinau, Feb. 10 / MOLDPRES /- MPs adopted in today's plenary session the package of laws providing for the establishment of the National Fund for Regional and Local Development.

The fund will become the main source of financing for investment projects for local public authorities, in the field of energy, rural development (especially water supply and sewerage projects), local infrastructure, tourism attractiveness, economic infrastructure development, urban development.

In addition, this Fund will co-finance projects financed by external partners. The new entity will operate on the basis of the National Fund for Regional Development and will take over the regional and local development projects.

Another provision of the package of laws refers to the development of an information system, which will ensure the record of the projects financed from the National Fund for Regional and Local Development. According to the document, the means of financing the National Fund come from the annual resources from the state budget, the sources of external assistance and other sources allowed by the normative framework.

Photo: Parliament

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