Coulibaly, Karen StephanieDiagne, Mame Fatou2014-07-212014-07-212014-06https://hdl.handle.net/10986/18934Moldova 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.en-USCC BY 3.0 IGOACCOUNTABILITYAFFILIATED ORGANIZATIONSALLOCATIONBANK POLICYBUDGET ALLOCATIONBUDGET ALLOCATIONSBUDGET DATABUDGET EXECUTIONBUDGETINGCAPITAL BUDGETCAPITAL EXPENDITURECAPITAL EXPENDITURESCAPITAL INVESTMENTCAPITAL PROJECTSCAPITAL SPENDINGCAPITAL TRANSFERSCENTRAL GOVERNMENTCOST EFFECTIVENESSCOST-BENEFIT ANALYSISCURRENCYDECISION-MAKINGDECISION-MAKING PROCESSESDISTRIBUTIONAL EQUITYDISTRICTDISTRICTSECONOMIC CLASSIFICATIONECONOMIC GROWTHELECTRICITYEXPENDITURE DATAEXPENDITURE LEVELSEXTERNAL ASSISTANCEEXTERNAL FUNDINGEXTERNAL SHOCKSFINANCIAL SUSTAINABILITYFISCAL REPORTINGFISCAL SUSTAINABILITYGOVERNMENT EXPENDITUREGOVERNMENT REVENUEGOVERNMENT SPENDINGINTERNATIONAL BANKINVESTMENT CLIMATEINVESTMENT DECISIONSINVESTMENT FUNDINGINVESTMENT MANAGEMENTINVESTMENT NEEDSINVESTMENT PROCESSESINVESTMENT PROJECTSINVESTMENT SPENDINGLOCAL GOVERNMENTLOCAL GOVERNMENTSMINISTRY OF FINANCEMUNICIPALITYNATIONAL BUDGETNATIONAL DEVELOPMENTNATIONAL PRIORITIESNATIONAL TREASURYOUTCOME DATAPERFORMANCE DATAPERFORMANCE INFORMATIONPOVERTY REDUCTIONPRIVATE DEBTPUBLICPUBLIC DEBTPUBLIC EXPENDITUREPUBLIC EXPENDITURE ANALYSISPUBLIC EXPENDITURE REVIEWPUBLIC EXPENDITURESPUBLIC FINANCIAL MANAGEMENTPUBLIC INVESTMENTPUBLIC INVESTMENTSPUBLIC MONEYPUBLIC SERVICESREGULATORY FRAMEWORKRESOURCE ALLOCATIONSROAD FUNDROAD MAINTENANCEROADSSANITATIONSECTOR POLICIESSOCIAL PROTECTIONSTRATEGIC PRIORITIESSUBNATIONALTAXTAX REVENUETRANSPARENCYTREASURY SYSTEMTRUST FUNDTRUST FUNDSUTILITIES10.1596/18934