ON THURSDAY, THE PARLIAMENT OF MOLDOVA RATIFIED AGREEMENT WITH WB REGARDING PROVISION OF $10 MLN. CREDIT FOR POVERTY LEVEL REDUCTION FACILITY.
This is ratification of the Agreement of financing signed by the government of the country and International development association (IDA) in Chisinau on December 22, 2006. The credit of 6,8 mln. leis of special borrowing rights (equivalent to $10 mln.) will be payable in 40 years with 10-years’ deferment. These means are aimed at growth facility, social programs promotion and central public administration reforming. They will normalize investment climate, public resources management as well as social and pension systems. The credit should sustain Strategy of growth facility and poverty level reduction as well as Plan of actions Moldova-EU. It is presupposed that credit will allow improving business sector and investment climate of Moldova stimulating economic growth facility and poverty level reduction.