OREANDA-NEWS. May 16, 2008. This decision was taken by the board of directors of WB on May, 2008. The largest loan of \\$14 million will be targeted at bolstering efforts of projects that are already working to help farmers be more competitive, to improve access to clean water and sanitation services and to support reforms to make government more efficient and effective.

In particular the project provides water supply of Balti, Cahul, Floresti, Orhei, Soroca and Ungheni as well as restoration of water supply systems in 50 localities. Moldavians will also benefit from a US\\$10 million IDA credit to support the Second Poverty Reduction Support Credit (PRSC2) which will strengthen and deepen the reform efforts supported by the first PRSC.

The credit will support the Moldovan Government’s efforts to accelerate shared economic growth and improve governance by addressing the efficiency and effectiveness of its expenditure programs and public administration – key elements in poverty reduction.

The third loan of \\$6 million is focused at acceleration of agricultural recovery and growth so that Moldova’s agricultural and rural sectors can generate greater income and reduce poverty in the process. The loans of WB will be provided for 40 years term with 10 years deferment term.