Publication: Capital Expenditures : Making Public Investment Work for Competitiveness and Inclusive Growth in Moldova
Date
2014-06
ISSN
Published
2014-06
Author(s)
Coulibaly, Karen Stephanie
Diagne, Mame Fatou
Abstract
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.
Citation
“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.”