World Bank: Investment Project in Macedonia Show Great Progress
The World Bank Executive Directors approved the First Programmatic Competitiveness Development Policy Loan (DPL) in the amount of US$50 million for Macedonia. The project supports the Government’s program aimed at strengthening the competitiveness of the economy by providing incentives for productive investment and technological upgrading in the manufacturing, agribusiness, and trade logistics sector, and establishing enabling conditions to progressively increase labor market flexibility and skills development, World Bank Office to Macedonia said in a press release. The Competitiveness Development Policy Loan is the first in a series of two programmatic operations that will support reforms to strengthen the competitiveness of Macedonia’s economy, said John Gabriel Goddard, leader of the World Bank’s project team. The supported actions aim to develop high value-added manufacturing, facilitate the restructuring of agribusiness, and improve the efficiency of trade logistic ...