Republic of Moldova
                                                                                        80997
                                            FY14-17 Country Partnership Strategy

                                                               Chair Summary

                                               Meeting of the Executive Directors

                                                               September 5, 2013


       Executive Directors discussed the joint IBRD/IDA/IFC Country Partnership Strategy
(CPS) for the Republic of Moldova for the period of FY14-17 (R2013-0163[IDA/R2013-0221,
IFC/R2013-0299]). They acknowledged Moldova’s good progress in maintaining stable growth
and recovering from the global financial crisis of 2008-09.

       Directors welcomed the alignment of the CPS with the priorities of the country’s National
Development Strategy 2020 and the CPS focus on addressing the impediments towards a stronger
and inclusive growth. In this vein, they were pleased to note that the CPS was well aligned with
the goals of eradicating extreme poverty and promoting shared prosperity in a sustainable manner.
Directors supported the three pillars of the CPS: (i) increasing competitiveness; (ii) enhancing
human capital and minimizing social risks; and (iii) promoting a green, clean and resilient
Moldova. They underlined that macroeconomic stability remains fragile due to vulnerabilities to
external shocks and extreme weather conditions, and that many economic and social areas require
ongoing and deepened reforms.

        Directors raised the importance of supporting Moldova’s efforts to integrate with the
European Union which may offer additional economic and social opportunities. They encouraged
the World Bank Group to support the country’s efforts to strengthen governance; attract private
investment; enhance financial sector stability; and support improvements in energy supply. In
addition, Directors supported strengthening management of climate-based risks in agriculture and
encouraged further work to disseminate knowledge in this area. Directors underscored the need to
enhance investments in human capital including improvements in the quality of the education
sector particularly to align the education system to labor market needs in order to promote job
creation. They appreciated the emphasis on gender as one of the cross-cutting themes of the CPS,
and highlighted that the implementation of gender informed policies remains a challenge.

       Finally, Directors commended the CPS’s consistency with the core principles of the
upcoming World Bank Group (WBG) Strategy, such as selectivity and focus on activities with the
potential to have a transformational impact based on its comparative advantage. They also stressed
the importance of strengthening synergies within the WBG.




                                                            
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  This summary is not an approved record.