Ask anybody in Moldova about the country’s most-popular attractions and they’ll likely mention Moldovan wineries, including the Cricova Wine Cellars, located about half an hour’s drive from…

Anna Akhalkatsi |

Photo: The central square of the old town. Brasov. Transylvania. By Ann Stryzhekin/ Shutterstock When U.S. Commodore Matthew Perry arrived in Yokohama in 1854, it was a backwater village in Japan…

Marcel Ionescu-Heroiu, Yuko Okazawa |

We all have regular bills to pay for the ubiquitous services we consume – whether they be for utilities (water, heating, electricity etc.), credit cards, memberships, or car payments.  But, not…

Georgia Harley, Svetozara Petkova |

After a two-year hiatus, the World Bank provided much-needed budget support to Moldova in November 2016. That disbursement of $45 million reflected our confidence that the Government and the…

Alex Kremer |

In 1991, the World Bank Group opened its resident office in Bucharest and this November we will celebrate 25 years of continued presence in Romania. Romania joined the World Bank in 1972, yet it…

Elisabetta Capannelli |

The first day of October turned out to be quite nice in Chisinau, despite the dismal weather forecast that had threatened low temperatures and rain showers. On this bright, sunny Saturday, a…

Boris Ciobanu |

For the first time in history, the number of people living in extreme poverty has fallen below 10%. The world has never been as ambitious about development as it is today. After adopting the…

Sri Mulyani Indrawati |

Eight years on from the start of the global economic crisis, close to one quarter of the European Union’s population remains at risk of poverty or social exclusion. But one group in particular…

Mariam Sherman |

When development practitioners such as ourselves think of poverty, the EU is not what comes to mind first. While it is true that average incomes are higher in Europe than in most regions of the…

Doerte Doemeland, Gabriela Inchauste |