World Bank Invests in Moldova Social Investment Fund

The World Bank has

for Moldova's Social Investment Fund, which aims to address the development needs of more than 700 localities in the Eastern European country. The additional credit will complement the total USD40 million credit provided for the project's two phases. It will be used specifically to create employment and contribute to wages in selected poor communities around the country.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.