Publication: Capital Expenditures : Making Public Investment Work for Competitiveness and Inclusive Growth in Moldova
Coulibaly, Karen Stephanie
Diagne, Mame Fatou
Moldova faces the challenge of meeting considerable public investment needs while preserving fiscal sustainability. With a rapidly aging population, high emigration, structural imbalances, and vulnerability to external shocks, Moldova will need to raise investment, productivity, and exports in order to achieve sustained growth and competitiveness. The World Bank's recently published Moldova public expenditure review (PER) focuses on capital expenditures and recommends reforms in public investment management and sector policies to raise cost effectiveness and allocative efficiency. Analyses for the PER were conducted using the BOOST public expenditure database developed by the World Bank. It provides recommendations for improving effectiveness and to enhance Moldova's competitiveness and achieve sustained inclusive economic growth.
“Coulibaly, Karen Stephanie; Diagne, Mame Fatou. 2014. Capital Expenditures : Making Public Investment Work for Competitiveness and Inclusive Growth in Moldova. Europe and Central Asia Knowledge Brief;No. 72. © World Bank, Washington, DC. http://hdl.handle.net/10986/18934 License: CC BY 3.0 IGO.”