Republic of Moldova to receive 250 million dollars from World Bank to advance reforms

The Republic of Moldova will receive 250 million dollars from the World Bank to strengthen competitiveness, job creation, market efficiency and transparency, as well as economic integration with the European Union. The support aims to help the Government increase resilience against future shocks and advance the country’s path to EU accession, complementing the EU Growth and Reform Plan for Moldova.

In this context, the World Bank’s Board of Executive Directors today approved the Growth, Resilience and Development Policy Loan (DPL) for the Republic of Moldova. The 250 million dollar DPL is the first of two operations based on solid economic analysis, a sustained pace of reforms supported by previous DPLs, and close cooperation with the EU and the International Monetary Fund.

The loan supports reforms to improve market competitiveness, efficiency and transparency through specific measures. These include more competitive and sustainable procurement practices, simplified business registration, and increased innovation and consumer protection in the banking sector, while also promoting sustainable finance aligned with EU taxonomy standards.

The program also seeks to improve access to early childhood education and facilitate the formalization of temporary workers. Another set of reform actions aims to increase resilience and economic integration, focusing on Moldova’s integration into the EU electricity markets, the modernization and improvement of district heating efficiency, and the integration of resilience into the development of the Trans-European Transport Network (TEN-T) corridor.

World Bank Group Country Manager for Moldova Ulrich Schmitt said that a decisive shift towards productivity-based and inclusive growth will significantly help Moldova move towards convergence with EU income levels.


“Moldova now has a unique opportunity to capitalize on the momentum of its EU candidate status, and the World Bank Group will continue to fully support the country’s ambitious reform program,” said Ulrich Schmitt.


Since the Republic of Moldova joined the World Bank in 1992, the institution has allocated over 1.8 billion dollars for more than 45 operations in the country. The current commitments of the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), members of the World Bank Group, include projects in the financial sector, advisory services in the private and public sectors, and risk insurance.