Moldova

The development objective of the Second Social Investment Fund Project for Moldova is to support the implementation of the national development strategy by empowering... Show More + poor communities and vulnerable population groups to manage their priority needs, and to contribute to employment and wage incomes in selected poor rural communities during the current economic contraction and during the recovery. The changes concern reallocation of proceeds of the first additional financing for the project, which are required to allow the Moldova Social Investment Fund (MSIF) to invest reallocated proceeds into small-scale community infrastructure and, thus, deliver more sub-projects than originally planned. The reallocation reflects the fact that the impact assessment was not undertaken under the first additional financing and will instead be financed from the second additional financing. Furthermore, the project achieved some real cost savings from consulting services, goods and operating costs. The first additional financing agreement will be amended to reflect this. The changes do not affect the project development objective. The MSIF II project performance is rated satisfactory because of well-advanced project implementation and good progress made in achieving project outputs and outcomes. The first additional financing credit of USD5 million supports the rehabilitation of small-scale community infrastructure in villages and small towns, which suffered from 2008 floods on the Prut and Dniester Rivers, and the preparation of community development plans. Show Less -

The objective of the Second Additional Financing to the Second Social Investment Fund Project for Moldova is to support the implementation of the national development... Show More + strategy by empowering poor communities and vulnerable population groups to manage their priority needs, and to contribute to employment and wage incomes in selected poor rural communities during the current economic contraction and during the recovery. The project invests in planning, management, and infrastructure aspects of community development, and also in social care services to vulnerable groups. The first additional financing scaled-up the community development component and increased the role of local governments in managing infrastructure investments. The second additional financing will further scale-up the community development component and, furthermore, it will increase the labor-intensiveness of works and deliver as much employment as possible in 2010 and 2011, when economic conditions are likely to still be weak. Show Less -