Moldova: World Bank Vice President Philippe Le Houerou introduces new Country Director during his visit

March 6, 2012

Chisinau, March 6, 2012 — World Bank Vice President for Europe and Central Asia Region Mr. Philippe Le Houérou will visit Moldova on March 6-7 to introduce Mr. Qimiao Fan, the new World Bank Director for Ukraine, Belarus, and Moldova, to the Government of Moldova, members of Parliament and development partners. In his new position, Mr. Fan will oversee the Bank’s program in the three countries and head the Bank’s country team with a focus on results, quality, and efficiency.  Mr. Fan will lead the policy dialogue with the Government counterparts, civil society, and other partners. 

During his meetings with the Acting President and Speaker of Parliament, the Prime Minister and other Cabinet officials, parliamentary political parties, and representatives of the donor community, Mr. Le Houérou will discuss the current economic and social priorities of Moldova and the importance of continued implementation of the reform agenda. He will discuss cooperation aspects between Moldova and the World Bank.

“This year marks the 20th anniversary of cooperation between the Republic of Moldova and the World Bank,” said Mr. Le Houérou. “Moldova continues to experience a great need for comprehensive reforms. The World Bank is committed to helping the country lay the foundations for sustainable and equitable economic growth. We see Mr. Fan’s appointment as an important step in deepening our partnership with Moldova and supporting the country’s development agenda.”

The World Bank’s current strategy for Moldova, covering the period 2009-2013, has three pillars of assistance: i) improving the country’s competitiveness through supporting the business environment; ii) reducing social and environmental risks and improving access to and quality of social services; and iii) improving public sector governance. The World Bank Group will adjust its policy dialogue, lending, and technical assistance to respond to the Government’s ongoing development needs and demonstrated commitment.

Since Moldova joined the World Bank in 1992, a total of US$ 880 million have been allocated to 42 operations in the country. Currently, the World Bank portfolio includes 11 active projects with total commitments of US$ 281 million. Areas of support include education, social assistance, e-governance, healthcare, energy, agriculture, business development, and others.

Media Contacts
In Chisinau
Victor Neagu
Tel : (373) 22-200706
In Washington
Elena Karaban
Tel : (202) 473-9277