Development/ Implementation agency
The World Bank Group (IBRD, IDA, IFC, MIGA, ICSID)
20/1 Pushkin Street,
Legal framework for cooperation
Moldova joined IBRD on August 12, 1992, which is considered the official date of membership in the World Bank.
Strategic documents for programming
World Bank Country Partnership (CPS) Group Strategy for the Republic of Moldova for fiscal years 2009-2012 and Progress Report on CPS with the Republic of Moldova for fiscal years 2009-2013.
Priority sectors/ Areas of cooperation
The World Bank Group's Country Partnership Strategy (CPS) for Moldova for FY2009-12 focuses on three strategic priorities:
Types of funds / financial instruments and assistance modalities
The strategy recommends considering one or maximum two new International Development Association (IDA) lending operations per year bringing annual commitments to approximately USD 50 million.
Procedures for programming, approval and implementation of projects
The programming is done in consultation with the Government of Moldova.
Special conditions for submission of project proposals and project acceptability criteria
The special conditions are established according to the priority area and the type of loans through the Financing Agreement.
Two decades of cooperation and joint efforts to boost prosperity, reduce poverty and improve the quality of life for Moldovans have translated in a broad range of support to the country, covering areas such as health, education, agriculture, energy, water supply and sanitation, e-governance, social protection, competitiveness and many others. Over 970 million US dollars have been committed to date in support of 45 projects. Over 340 trust funds have been implemented in excess of 200 million US dollars. The International Finance Corporation and the Multilateral Guarantee Agency, two members of the World Bank Group, provided finance and guarantees for a total of 295 million US dollars.
The World Bank administers a substantial USD 74 million Trust Fund (TF) portfolio, which is one of the largest in the Europe and Central Asia region, with a largely satisfactory implementation track record, which provide co-financing to IDA operations, finance GEF and carbon operations, and provide other forms of support, including for AAA.
AAA delivered in FY10-12 include a Country Procurement Assessment Report, a Country Economic Memorandum, a District Heating Restructuring Study, a Public Expenditure Review, and Financial Sector Monitoring TA. In the financial sector specifically, the World Bank provided assistance in improving the legal and regulatory frameworks for electronic payments and for segments of the non-banking financial sector, assisted the National Bank of Moldova with bank stress testing, produced a technical note on capital market development, helped to organize a roundtable on financial services supervision, and provided advice and assistance in other areas through our ongoing dialogue with government counterparts.
These TA products will be instrumental in moving forward the structural reforms agenda and developing a second growth engine for Moldova based not only on remittances but also on exports and investments. In addition to ongoing work on Food Security, future AAA include programmatic fiscal work, A&A ROSC follow-up, continued work on competitiveness and structural reforms, and Health TA. Sector-specific analytical work to complement the proposed lending program could take place in energy, education rationalization, DCFTA preparation in agriculture. AAA in the financial sector could include work to improve the intermediation of remittances, financial sector monitoring to support crisis resilience and market development measures.
Currently, the World Bank portfolio includes 10 active projects with a total of $ 365.3 million in commitments and 8 grants totaling $ 14.4 million.
29.05.2013 Financing Agreement between the Republic of Moldova and the International Development Association on Emergency Agriculture Support Project
07.02.2013 Financing Agreement between the Republic of Moldova and the IDA on Moldova Education Reform Project
02.10.2012 International Development Association Program Document for A Proposed Credit to The Republic of Moldova for a Competitiveness Development Policy Operation
15.05.2012 Memorandum of Undersanding and Disclosure Agreement between Republic of Moldova and IBRD, IDA.
05.04.2012 Project Appraisal Document on a Proposed Credit and on a Proposed Grant for an Agriculture Competitiveness Project
22.09.2011 Additional Financing for Health Services and Social Assistance Project between the Republic of Moldova and IDA
01.07.2011 Financing Agreement between the Republic of Moldova and IDA on Strengthening the Effectiveness of the Social Safety Net Project
12.08.2010 Financing Agreement between the Republic of Moldova and IDA on Disaster and Climate Risk Management Project