PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

576047

Primary Business Area

Investment Climate

Disclosure Date

Feb 22, 2012

Country

Moldova

Region

Europe

IFC Approval Date

Nov 25, 2011

Status

Active

Estimated Total Budget

$2,474,244.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Oct 1, 2011

Project Description

The project works with the government of Moldova to improve the investment climate for business operations, streamline agribusiness regulation, and promote investment in agribusiness. Investment climate objectives include: 1) reducing inspection compliance costs by 10 percent and increasing the quality of inspections; 2) reducing construction permit compliance costs by 10 percent; and 3) improving the insolvency framework for troubled businesses. Objectives for streamlining agribusiness regulation include harmonizing with EU regulations and increasing compliance cost savings. Objectives for agribusiness investment promotion include: 1) increasing export of high-value agriculture (HVA) products and other targeted agribusiness products; and 2) increasing the value of investment in HVA, agribusiness, and cold storage.

Development Results