Agricultural sector to benefit from support from IFC

The Republic of Moldova will receive support from the International Finance Corporation (IFC) for improving the business climate in the agricultural sector. In a special meeting on September 19, the Cabinet approved the ratification of a consultancy agreement between the Republic of Moldova and IFC, INP reports.

According to the Government’s press service, based on the agreement the international organization will offer Moldova consultancy services in three key areas: enhancement of the business environment; improved market access with emphasis on the agroindustrial sector and augmentation of the investment protection level.

Under the agreement, IFC will offer technical assistance to the value of US$ 3.2 million. The Government will contribute US$ 160,000, while the Ministry of Economy and Infrastructural US$ 100,000.

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