Moldova officially launched the multi-donor trust fund for our country M-GROW in the amount of almost $24 million.
This was reported by the British Embassy in our country, noting that M-GROW seeks to invest in strengthening government institutions to make them more competitive, sustainable and inclusive. “The UK is proud to be a trusted partner, along with Ireland and Norway. At the moment, the partners' contribution to M-GROW is equivalent to approximately $24 million. As one of the main donors to the project, the UK confirms its commitment to provide strong support to the government and citizens of Moldova,” the British embassy in Chisinau said. As InfoMarket previously reported, the World Bank announced the creation of a new multi-donor trust fund for Moldova in the amount of $23.8 million to support development, investment, competitiveness and energy efficiency. According to the World Bank, in particular, the purpose of the fund is to support the Government of Moldova in making the necessary investments and strengthening public institutions towards competitive, sustainable and inclusive development, as well as supporting Moldova’s accession to the EU. The Moldova Development, Resilience and Opportunity for Wealth (M-GROW) multi-donor trust fund, managed by the World Bank, is planned to provide a coordinated financing and support mechanism for the Government of Moldova to mobilize financial assistance for projects with transformative impact and strengthen capacity for their development and implementation. Among the initial priorities of M-GROW are supporting increased competitiveness, energy efficiency, and strengthening the institutional and management structure. The founding partners of the M-GROW program are Ireland, Norway and the United Kingdom, whose total contribution to date is the equivalent of $23.8 million. These countries are members of the program's Partnership Council. The council is co-chaired by the Government of Moldova and the World Bank. The M-GROW program will support Moldova's development priorities as outlined in the World Bank Country Partnership Framework for the period 2023-2027, and will focus on addressing short-term shocks while also improving prospects for long-term sustainable development.// 01.04.2024 — InfoMarket
