World Bank Group President leaves Moldova

The President of the World Bank Group ended his visit to Moldova. Before departure, Robert B. Zoellick and Moldova’s Prime Minister Vlad Filat signed two new agreements – one to finance the Economic Recovery and Development Policy Project to the value of 25 million dollars, and the other one, in the amount of 10 million dollars, to finance the Disaster and Climatic Risk Management Project.

Vlad Filat said the first project aims to ensure a better distribution of social assistance and stimulate investments and exports in the post-crisis period. The second project will strengthen the State Hydrometeorology Service’s capacity to forecast the weather with the help of a new Doppler radar system so that Moldova is prepared and better responds to the natural disasters.

Robert B. Zoellick said the World Bank supports the reform agenda of the Government of Moldova. “We will help Moldova in the European integration process. We know that Moldova is negotiating an association agreement with the EU, including a free trade agreement. We can help the Moldovan companies to reach the required standards so as to increase exports to the EU and other markets,” the WB official said.

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