The World Bank will provide $ 159.24 million to Moldova for managing the refugee crisis

The Board of Directors of the World Bank has approved a $ 159.24 million Development Policy Response to Emergency Resilience, Resilience and Competitiveness (OPD) for Moldova, writes

According to bank representatives, this budget support will help the Government of the Republic of Moldova mitigate the impact of the war in Ukraine on refugees and households, as well as strengthen resilience and increase competitiveness to reduce vulnerabilities to future crises.

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According to reports, this operation is part of a package of coordinated financial assistance from international partners, including the IMF, EU and EBRD, prepared in response to the current socio-economic emergency in Moldova. The OPD includes $ 43 million in IBRD financing and a $ 9.24 million Global Concession Grant Facility (FGFC) concession grant, as well as an IDA loan of $ 43 million. 107 million US dollars. The Agence Française de Développement is expected to provide parallel funding of € 60 million.

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