The United States Agency for International Development (USAID) has launched a new $35 million Moldovan Institutional and Structural Reform Activity (MISRA).
The five-year program will cover several important areas of Moldova's economic development: trade facilitation, digitization, transport and logistics, financial sector reform, public-private policy dialogue and other institutional reforms. The Program's main objective is to promote a sustainable and inclusive recovery from the regional crisis and to improve the business and trade environment in Moldova. Specifically, USAID will support state agencies and the private sector in accelerating the implementation of trade liberalization mechanisms; implementing investment climate reform; accelerating financial sector reform; improving economic governance in the public sector; and ensuring strategic communication between the private and public sectors. During the MISRA presentation, U.S. Ambassador to Moldova Kent Logsdon noted that the initiative will: mobilize resources to support structural reforms; offer practical solutions for easing trade, financial and investment constraints; have a direct positive impact on Moldovan SMEs; develop priority sectors and exports; enhance supply-chain efficiency; and retain and create jobs. In this context, Prime Minister Natalia Gavrilita stated that MISRA will focus on areas of strategic interest for the country's economic growth and stability and therefore the Moldovan Government will work closely with the USAID team to ensure successful implementation of the Program. It's worth noting that the Institutional and Structural Reform Activity in Moldova is a continuation of the USAID Moldova Structural Reform Program (2017-2022) and builds upon previous and ongoing activities of USAID and the U.S. Government to improve the sustainability and efficiency of economic governance institutions in Moldova and to promote structural reforms that aim to create a favorable business environment and combat corruption. // 03.06.2022 - InfoMarket.
