World Bank approved new partnership framework with Moldova for 2023-2027

Chisinau, March 17. /MOLDPRES/- The World Bank Group Board of Executive Directors discussed today a new Country Partnership Framework (CPF) for Moldova for the 2023-2027 period, aimed at supporting the country’s sustained recovery from the impacts of the COVID-19 pandemic, energy and refugee crises due to Russia’s invasion of Ukraine, focusing on reforms to support job creation and a greener, more inclusive economy. The document is aligned with Moldova’s National Development Plan European Moldova 2030. 

The new strategic framework builds on 30 years of strong partnership between the Republic of Moldova and the World Bank Group.

The Ministry of Finance noted that through the new Partnership Framework, the World Bank will support reforms in three broad areas: increased opportunities for formal employment; improved human capital development; and increased resilience to climate change and crises.

“Moldova should seize the opportunity to move to a more sustainable growth path – one that leads to shared prosperity and a more inclusive economy, especially since now it is approaching the aspired integration with the European Union,” said Inguna Dobraja, World Bank Country Manager for Moldova.

The new World Bank Group CPF will provide analysis, advice and financing for implementation of reform programs designed to restore economic growth and job creation.

Since Moldova joined the World Bank in 1992, close to $2 billion has been allocated to more than 60 projects in the country. Currently, the World Bank portfolio includes 12 active projects with a total commitment of $650million. Areas of support include regulatory reform and business development, modernization of government services, tax administration, land registration, education, roads, health and social sectors, including the COVID-19 emergency response, agriculture, water and sanitation, and energy.

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