Moldova and the International Development Association, a member of the World Bank Group, signed a loan agreement on 24.9 million euro for the DPO-3 program

Moldova and the International Development Association, a member of the World Bank Group, signed a loan agreement on 24.9 million euro for the DPO-3 program

The document was signed on July 11. On the same day, the government approved the document ratification. According to the Minister of Finance Octavian Armasu, in particular, the loan worth 24.9 million euro is allocated to support the budget under the Economic Management Program for Moldova (DPO-3). The loan proceeds will support Moldova's efforts to reduce fiscal risks and harmonize the conditions for private sector development in order to ensure macroeconomic stability and stimulate economic growth. The economic management program for Moldova "DPO-3" is one of the most important components of the Strategic Partnership for 2018-2021. As InfoMarket agency reported earlier, "The Economic Management Program for Moldova" (DPO-3) is a program of structural reforms to support the transition of Moldova to a new, more stable and comprehensive model of development and growth of the country. One of the main objectives of the program is to assist Moldova in reducing tax risks and promoting a loyal environment in the economy for the development of the private sector. Moldova joined the World Bank in 1992. Since that time, Moldova has been allocated more than $1 billion for the implementation of 60 projects. Currently, the WB portfolio in Moldova includes 10 active projects; the total amount of obligations on them is $357.9 million. //11.07.2018 - InfoMarket.

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