Chisinau, Moldova Millennium Challenge Corporation (MCC) Vice President for Compact Development John Hewko is completing a four-day visit to Moldova where he met with Moldovan Prime Minister Zinaida Greceanii to discuss the progress of Moldovas MCC compact proposal. During the visit, both reiterated their commitment and continued cooperation refining the economic development assistance grant proposal which will target Moldovas road network and agricultural sectors in an effort to reduce poverty and create economic growth.
Additionally, while in Chisinau, Mr. Hewko and Prime Minister Greceanii signed a Memorandum of Understanding, witnessed by U.S. Ambassador Asif Chaudhry, highlighting the partnership and joint ownership of activities to be funded by MCC that will refine projects included in Moldovas compact proposal.The memorandum expresses that the government of Moldova and MCC intend to conduct feasibility and environmental impact assessments, and other analyses, to determine how best to design and proceed with the proposed road rehabilitation and agriculture projects. These studies will lay the foundation to ensure that the projects proposed by Moldova would significantly contribute to economic development and poverty reduction.
In February 2008, Moldova submitted a compact proposal to MCC focused on the rehabilitation of nearly 600 kilometers of the countrys national road network, including two road segments through the Transnistria region, the rehabilitation of multiple centralized irrigation systems, the provision of credit to farmers for small-scale irrigation and post-harvest investments and related capacity building and training activities.
Millennium Challenge Corporation, a U.S. Government agency designed to work with developing countries, is based on the principle that aid is most effective when it reinforces sound political, economic, and social policies that promote poverty reduction through economic growth.For more information, please visit www.mcc.gov.