ECONOMIC COUNCIL TO THE PRIME MINISTER OF THE RM

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The Secretariat of the Economic Council to the Prime Minister is supported by the European Bank for Reconstruction and Development, funded by the UK Government’s Good Governance Fund, and the World Bank Group project “Investment Climate Reform”, funded by Sweden.
The Republic of Moldova became the member of EBRD in May 1992. Since 1996 (the year when it started its activity in Moldova), the EBRD has financed 123 projects and invested more than EUR 1200 million in Moldovan economy. The EBRD strategy for Moldova is based on the following priorities: • Improve Governance and strengthen Resilience by leading in the restructuring of the banking sector, and enhancing energy security; • Enhance Competitiveness by supporting private firms in building capacity, and promoting commercialisation of public utilities and infrastructure.
The Joint DFID/FCO Good Governance Fund (GGF) was launched in May 2015. Being operational in 3 Western Balkan countries (Serbia, Bosnia&Hertegovina, Macedonia) and 4 Eastern Partnership countries (Moldova, Georgia, Ukraine, Armenia), GGF’s overall objective is to help these countries to strengthen their economies, improves governance, tackle corruption, support growth and build capacity to withstand internal and external political and economic shocks. GGF-Moldova priorities for 2018/2019 Financial Year: • strengthening independent media and strategic communications; • supporting economic growth and enabling business environment; • reducing opportunities for corruption and supporting democratic accountability.
IFC works with the private sector in developing countries, creating markets that open up opportunities for all. IFC is a World Bank sister organization and member of the World Bank Group, and is the largest global development institution focused exclusively on the private sector in developing countries. The Bank Group has set two goals to reach global targets by 2030: to overcome the extreme poverty and to promote shared prosperity in each country. IFC uses its own financial resources, technical expertise, global experience, and innovative technologies to help its customers and partners overcome financial, operational and other challenges.
Sweden is a committed long-term development partner to the people of the Republic of Moldova. Through the Embassy of Sweden in Chisinau, the Swedish International Development Cooperation Agency (Sida) manages an annual budget of around 100 Million SEK (approximately 10 MEUR) guided by the Results Strategy for Reform Cooperation with Eastern Europe, Western Balkans and Turkey 2014-2020. The Swedish support focuses on reforms in promotion of European integration and democratic governance on the whole territory of Moldova and has three main result areas: • enhanced economic integration with the EU and development of market economy; • strengthened democracy, greater respect for human rights and a more fully developed state under the rule of law; • a better environment, reduced climate change and enhanced resilience to environmental impact and climate change a set of expected results within all results areas. Sweden also provides core support to the civil society, gender and environment issues being mainstreamed in all support programmes. The aim should be to cover all parts of Moldova, including the Transnistrian and the Gagauzian regions.