The World Bank Group Board of Executive Directors was approved a new Country Partnership Framework (CPF) for Moldova for the 2023-2027 period, aimed at supporting the country’s sustained recovery focusing on reforms to support job creation and a greener, more inclusive economy. The Moldova Country Partnership Framework is well aligned with Moldova’s National Development Plan European Moldova 2030.

Through the new framework, the World Bank Group will support reforms in three broad areas: 1) increased opportunities for formal employment; 2) improved human capital development; and 3) increased resilience to climate change and crises. The framework includes a cross-cutting theme of strengthening systems and institutions, including through digitalization and capacity-building. 

“Moldova should seize the opportunity to move to a more sustainable growth path – one that leads to shared prosperity and a more inclusive economy, especially since now it is approaching the aspired integration with the European Union.  “The World Bank Group stands ready to support Moldova in transforming its economy and helping the country raise the living standards of its people”, said Inguna Dobraja, World Bank Country Manager for Moldova.

The new World Bank Group CPF will provide analysis, advice and financing for implementation of reform programs designed to restore economic growth and job creation. 

The new Country Partnership Framework was prepared based on the analysis of Moldova’s overall development challenges, as outlined in a series of core analytical products and the resulting framework reflects a consensus of stakeholders on the reform process and a shared understanding of development priorities and challenges facing the country.

Since Moldova joined the World Bank in 1992, close to $2 billion has been allocated to more than 60 projects in the country. Currently, the World Bank portfolio includes 12 active projects with a total commitment of $650 million. Areas of support include regulatory reform and business development, modernization of government services, tax administration, land registration, education, roads, health and social sectors, including the COVID-19 emergency response, agriculture, water and sanitation, and energy.

source: PRESS RELEASE NO: 2023/ECA/76