Moldova will receive an additional $88.4 million grant to co-finance the "Moldova, Emergency Response, Resilience and Competitiveness Development Policy Operation 2" program.
The government approved the ratification of a relevant agreement with the International Bank for Reconstruction and Development and the International Development Association. Moldova will be able to receive the grant in a single tranche. It is noted that the agreement on the allocation of financial assistance will enter into force after its ratification by the Moldovan parliament and after the fulfillment of all the conditions specified in the agreement, in particular, the achievement of a certain level of progress in the implementation of the "Moldova, Emergency Response, Resilience and Competitiveness Development Policy Operation" program. It is worth mentioning that the second program "Moldova, Emergency Response, Resilience and Competitiveness Development Policy Operation 2" provides for financial assistance from other donors as well. All the funds will be used to finance 8 sub-measures: integration of Ukrainian refugees; strengthening the response and management of civil protection in emergency situations, including in connection with the influx of refugees; establishing a guaranteed minimum income for children separately; implementation of energy efficiency policies for public and residential buildings; modification of the legal framework on deposit guarantee to increase the coverage of bank deposits; strengthening the legal framework for corporate governance of state-owned enterprises by authorizing the State Property Agency to approve a corporate governance code for state-owned enterprises; further support for the reorganization of the railway sector and harmonization of national legislation with EU standards; facilitating access to digitalization of services for enterprises. The mentioned financing agreement will take effect upon its signature and ratification by the Moldovan Parliament and upon fulfillment of all conditions specified in the financing agreement. // 14.08.2023 - InfoMarket.
