On July 24, the U.S. Government’s Millennium Challenge Corporation (MCC) Deputy Vice President Fatema Z. Sumar met with Moldovan Interim Prime Minister Natalia Gherman to discuss the successful implementation of the country’s compact and next steps to ensure sustainability. Discussions focused on the achievements of MCC’s investments in agriculture and transportation. MCC officials stressed the need for Moldova to meet MCC eligibility criteria, including passing the control of corruption indicator and other factors, in order to be considered for a second compact.
During the July 24-25 visit, the MCC delegation participated in the launch of the Cosnita irrigation system, the largest of ten irrigation systems rehabilitated with MCC compact funds, and met with farmers and local beneficiaries. The delegation will also travel to portions of the 96 km M2 road from Sarateni to Soroca rebuilt by the MCC compact, visit local orchard growers, and meet with local officials.
Moldova and MCC signed a five-year, $262 million 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. The compact will be completed on September 1, 2015.