PARE 1+1 Improving Moldova's Remittance-based Investment Program

The Program “PARE 1+1” aims to make remittances “work” and bring value and became an effective tool to stimulate the creation of new businesses in rural areas by contributing to regional development. Its general objective is the mobilization of human and financial resources of Moldavian migrants in sustainable economic development of Moldova. At the national level, it contributes to solving such problems as: low level of remittances investments, especially in rural areas, limited SMEs access to financial and informational resources, low level of entrepreneurial and financial education, huge number of emigrants, especially from rural areas, low level of start-up survival, etc. IOM supported the conceptualization, launching and pilot testing of the program, under and EU-funded project in 2008-2010.