Press releases

The Organisation for the Development of the Small and Medium-sized Enterprises Sector (ODIMM) discussed with representatives of the World Bank the progress made by the organisation, thanks to the support provided under the Improvement of Competitiveness Project (CAP II).

Tharik Sahovic, Team Leader and Senior Private Sector Development Specialist at the World Bank, highlighted the results achieved and the role of ODSMEs in developing and supporting entrepreneurs in the Republic of Moldova.

The Acting Director-General of ODIMM, Petru Gurgurov, mentioned the importance of the World Bank’s contribution to the development of the SME sector and the strengthening of ODSME institutional capacities. “The Organisation shall continue to work in accordance with the Strategic Development Programme and the recommendations of World Bank experts. Ensuring SMEs’ access to financial resources by developing guarantee processes, identifying and supporting export-oriented companies with growth potential remains a priority for ODSMEs ", stressed Petru Gurgurov.

In the process of developing new support instruments, in particular for ODSME developing companies, with the support of the World Bank, an analysis of the main difficulties faced by SMEs has been carried out and identified their needs in accessing new markets.

Another development strand supported by the World Bank concerns the implementation of software tools under the Credit Guarantee Fund that will make it possible to simplify procedures for entrepreneurs to access state financial guarantees, but also to reduce the time taken to grant them.

The World Bank mission is located in Chisinau from 19 to 24 February 2018 on a monitoring and support visit on the implementation of the Improvement of Competitiveness Project in the Republic of Moldova (CAP II). The development objective of CAP II is to contribute to increasing the competitiveness of Moldovan enterprises, in particular small and medium-sized enterprises, by forging links with the market, facilitating access to medium- and long-term finance and improving the business environment.