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Chisinau, Moldova, February 24, 2012
—IFC, a member of the World Bank Group, in partnership with the Embassy of the Kingdom of Sweden in Chisinau and Moldova’s Ministry of the Economy, has launched a project to streamline agribusiness regulations in Moldova, promoting investment and stimulating development of the agricultural sector.
The Investment Climate Reform Project aims to improve the conditions for doing business in Moldova and to attract new investments in the agribusiness sector.
“A sound and transparent investment climate is needed to create a level playing field for all companies in Moldova and to attract investment,” said Ingrid Tersman, Swedish Ambassador to Moldova. “I welcome the commitment of the government of Moldova to reform this sector, which is crucial for the economic development of the country.”
IFC will offer the Moldovan government advice on how to improve and simplify regulations and encourage and retain investment, helping foster competitive markets, economic growth, and job creation.
“Moldova has significantly improved its regulations since independence,” said Tomasz Telma, IFC Director for Europe and Central Asia. “Regulatory reform is critical to leveraging the full potential of Moldova’s agribusiness sector and increasing its competitiveness by reducing the regulatory burden and simplifying conditions for business development.”
Moldova became a member of IFC in 1995 and IFC’s investment portfolio in the country stands at $86 million. Through a combination of investment and advisory services, IFC is helping increase access to finance by supporting the development of local financial institutions. IFC is also helping attract private sector investors to develop the infrastructure and agribusiness sectors.
IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector. We help developing countries achieve sustainable growth by financing investment, providing advisory services to businesses and governments, and mobilizing capital in the international financial markets. In fiscal 2011, amid economic uncertainty across the globe, we helped our clients create jobs, strengthen environmental performance, and contribute to their local communities—all while driving our investments to an all-time high of nearly $19 billion. For more information, visit
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