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Moldova - First Development Policy Operation

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Washington DC, March 28, 2014—The World Bank's Board of Executive Directors today approved the following project.

IBRD Loan: US $9.0 million equivalent 
Terms: Maturity = 30 years, Grace = 5 years
IDA Credit: US $21.0 million equivalent
Terms: Maturity = 25 years, Grace = 5 years 
Project ID: P143283

Project Description: The objective of the project is to support efforts of the Government of the Republic of Moldova to improve the business climate, promote financial sector stability and development, and improve the equity and efficiency of public expenditure.