Once considered one of the richest states in the former Soviet Union, Moldova is currently one of the poorest countries in Europe. The Moldovan economy heavily relies on agriculture. Development projects in Moldova mostly focus on fostering democratic governance and economic growth in the country, and poverty reduction is a primary goal for these projects.
Here are five ongoing development projects in Moldova.
- Moldova Competitiveness Project (MCP)
Implemented by Chemonics International, Inc., MCP (2015-2020) aims to improve efficiency and competitiveness in Moldovan industries in order to support Moldova’s efforts to foster a strong, export-oriented economy. Some of the project’s goals include improving the quality of Moldovan products and services, increasing productivity and technical skills in the labor force and expanding market linkages. These goals are expected to increase incomes, reduce poverty and emigration and enable Moldova to compete within the E.U. and other high-value markets.
- Development Credit Authority (DCA)
DCA (2011-2028) helps, “Moldovan financial institutions to increase financing for local small and medium-size enterprises (SMEs) through a loan guarantee mechanism.” The main goal is to increase economic opportunities and improve the Moldovan private sector’s competitiveness. Additionally, it aims to improve Moldovan energy efficiency.
Current DCA programs in the country include two guarantee facilities. One of them supports the Moldovan Information Technology (IT) sector in order to increase loans to IT firms for capital and long-term investments and support loans to IT professionals for mortgages, thereby improving quality of life and providing continued support to investments in the country.
USAID Moldova and Swedish International Development Cooperation Agency (SIDA) launched the second guarantee in 2014 to “support lending to the energy sector,” in order to improve Moldovan SMEs’ efficiency, thereby strengthening their “commercial viability and growth in an environmentally sustainable manner.”
- Moldova Sustainable Green Cities
With a budget of $2.7 million, this project is set to run from 2017 to 2022 and catalyze investments in low carbon green urban development with an integrated urban planning approach. The project seeks to achieve its goal by encouraging innovation and participatory planning and partnerships with various public and private sector entities. The goal is to improve the quality of life and advance opportunities for sustainable economic growth in Moldova. Primarily, the project aims to establish a sustainable Green City Lab that would continue to operate after its closure.
- ICT Excellence Center (ICTEC) Project
Under this 36-month project, USAID will launch and develop an ICT Excellence Center in Moldova in collaboration with the government and the private sector. Through this development project in Moldova, USAID aims to bring “significant new resources, ideas, software, technologies and development activities, such as training, practical assignments and mentoring programs” to the country. The project will support the setup and equipment needs, the creation of a relevant business plan, training of qualified staff and the expansion of educational and entrepreneurial development activities.
- Export-led Development of Organic Agriculture in Moldova
Implemented by People in Need, this project builds on previous support for organic agriculture in Moldova. It specifically focuses on developing the local organic market and sustainable extension services, preparing Moldovan farmers to export products for the sustainable “advancement of the entire sector.”
Most of these development projects in Moldova aim to improve its presence within the E.U. and other competitive markets in order to enable the people of this nation to lift themselves to a higher quality of life. With similar continued investment in the Moldovan community, industry and infrastructure, there is hope that Moldova will be able to reach this goal.
– Mehruba Chowdhury