Council of Ministers have approved today IFC's offer and now, Republic of Moldova will gain material support in order to improve the agriculture industries.
According to the Agreement, the money offered to the Republic of Moldova will be used in three main domains: improving the environment for entrepreneurs, ease the access for market, especially in agriculture and increase security for investment protection.
Therefore, this project will improve administrative and institutional conditions, as well as overview the laws for funding a project and its necessary documents that could help increase the development.
According to the Agreement, International Finance Corporation will provide Republic of Moldova material support worth 3,2 million USD, while Government will offer 160 thousand USD and Ministry of Economy and Infrastructure 100 thousand USD.
Republic of Moldova became a member of IFC on 10 March 1995.