Moldova and the Millennium Challenge Corporation (MCC) have signed a five-year, $262 million MCC compact aimed at reducing poverty and accelerating economic growth. The compact focuses on irrigation reconstruction, access to agricultural finance, and the rehabilitation of an integral section of the country’s national road network.
Moldova is a low income country, the poorest country in Europe. Agriculture has long been the country’s economic foundation. Farming accounts for more than 40 percent of employment and 17 percent of the country’s gross domestic product. Moldova’s agriculture currently suffers from low productivity, contributing to high rates of rural poverty. In addition, the deteriorated quality of Moldova’s roads has been cited as a constraint to economic growth, as it raises the costs of internal and external production and trade.
Moldova Compact
Press Releases
Blog Entries
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Trip Log: MCC Partnerships for Economic Growth in Moldova and Georgia
Blog, 11/04/2010 -
World Water Day: Turning on Faucets for the Worlds Poor
Blog, 3/22/2010
Speeches & Testimony
Photos & Video
- MCC in Europe, Asia, and the Pacific
Slideshow, 8/03/2010MCC in Europe, Asia, and the Pacific
08/03/2010
An overview of MCC’s programs in Europe, Asia, and the Pacific.
- Compact Signing Ceremony with Moldova
Video, 1/22/2010Compact Signing Ceremony with Moldova
01/22/2010
On Jan. 22, 2010, MCC and Moldova signed a five-year economic development agreement granting $262 million to Moldova for investment projects in irrigation infrastructure, high-value agricultural production, and road rehabilitation. U.S. Secretary of State Hillary Rodham Clinton and Prime Minister Vladimir Filat of Moldova presided at the signing held at the U.S. Department of State in Washington, D.C.
Congressional Notifications
- 1/28/2010
Moldova, Compact Signing
U.S. Government Links
MCA Contacts
MCC Contacts