World BankInternational Monetary FundEuropean UnionUnited NationsDFIDSIDA2017-09-062017-09-062009-05https://hdl.handle.net/10986/28118This set of policy notes is intended to provide suggestions to the new Government on policy actions for addressing the various economic and social challenges that Moldova faces. Economic and social policy issues are the focus of this document. The notes have been prepared in the context of the current economic crisis, with short-term priorities and suggestions for immediate policy actions highlighted. This guidance for responding to the current crisis is followed by a medium-term agenda, which outlines possible policy measures for the longer term to promote and support sustainable development. However, it must be noted, that acting on these policy notes effectively will only be possible in a political climate of consensus in which the wounds left by the post-election conflict are allowed to heal. This will need reaffirmation of Moldova's citizens' basic human and civil rights. However, the global economic crisis has significantly clouded Moldova's immediate outlook. In addition, due to the global economic crisis, the economy of the Transnistria region has collapsed. Russia is now paying the civil service wage bill and pensions. An important contribution to the reintegration of the region would be for the Government of Moldova to assist in mitigating the impact of the crisis on the poor in Transnistria.en-USCC BY 3.0 IGOACCESS TO INFORMATIONACCOUNTABILITYACCOUNTINGANTI-CORRUPTIONANTI-CORRUPTION STRATEGYASSETS DECLARATIONAUTHORITYBALANCE OF PAYMENTSBALANCE SHEETBALANCE SHEETSBANKING SECTORBANKING SYSTEMBANKRUPTCIESBENEFICIARIESBENEFICIARYBIDBIDSBUDGETINGCAPITAL FORMATIONCAPITAL MARKETSCASH BALANCECENTRAL GOVERNMENTCHECKSCITIZENSCIVIL RIGHTSCIVIL SERVICECOMMUNITY DEVELOPMENTCONFLICT OF INTERESTCONFLICT OF INTERESTSCONSENSUSCONSUMPTION EXPENDITURECORRUPTION ACTIONSCREDIT INFORMATIONCREDIT INFORMATION BUREAUCREDIT MARKETSCREDIT QUALITYDEBTDEBT MANAGEMENTDECENTRALIZATIONDEFICITSDEMOCRATIC REFORMSDEPOSITDEPOSIT INSURANCEDEPOSITSDEVELOPING COUNTRIESDISABILITY PENSIONDOMESTIC BANKINGDOMESTIC CAPITALDOMESTIC CAPITAL MARKETDOMESTIC CREDITECONOMIC DEVELOPMENTEXCHANGE RATEEXECUTIONEXPENDITUREEXPENDITURESEXPORTERSEXTERNAL DEBTFEE INCOMEFINANCIAL AUDITSFINANCIAL CRISISFINANCIAL INFRASTRUCTUREFINANCIAL INSTITUTIONFINANCIAL INTERMEDIATIONFINANCIAL MANAGEMENTFINANCIAL MARKETSFINANCIAL SECTORFINANCIAL SECTOR DEVELOPMENTFINANCIAL SERVICESFINANCIAL SUSTAINABILITYFINANCIAL SYSTEMFISCAL AUTONOMYFISCAL CONTROLSFISCAL CRISISFISCAL DEFICITFISCAL GAPFISCAL POLICYFISCAL REVENUEFISCAL REVENUESFISCAL SUSTAINABILITYFIXED CAPITALFLEXIBLE EXCHANGE RATEFLOW OF CREDITFOREIGN CURRENCYFOREIGN DIRECT INVESTMENTFOREIGN TRADEFORMAL EMPLOYMENTFRAUDGLOBAL TRADEGOOD GOVERNANCEGOVERNANCE ISSUESGOVERNMENT DEBTGOVERNMENT EFFORTSGOVERNMENT INVESTMENTGOVERNMENT INVESTMENTSGOVERNMENT REGULATIONSGOVERNMENT RESOURCESGROSS DOMESTIC PRODUCTHOST COUNTRIESHUMAN CAPITALINCOME LEVELINDEBTEDNESSINFLATIONINFLATION RATEINFORMAL ECONOMYINFORMAL SECTORINFORMATION DISCLOSUREINSTITUTIONAL CAPACITYINSTITUTIONAL DEVELOPMENTINSTITUTIONAL REFORMSINSTRUMENTINSURANCEINTEREST RATESINTEREST RATES FOR LOANSINTERNATIONAL FINANCIAL INSTITUTIONSINTERNATIONAL STANDARDSINTERPOLATIONINVESTMENT CLIMATEINVESTMENT FUNDINVESTMENT PROJECTSINVESTMENT PURPOSESJUDICIAL REFORMSJUDICIARYLABOR MARKETLABOR MARKETSLABOR PRODUCTIVITYLABOR SHEDDINGLEGAL FRAMEWORKLEGISLATIONLIQUIDITYLIQUIDITY RATIOSLOANLOAN PORTFOLIOLOAN QUALITYLOCAL AUTHORITIESLOCAL CURRENCYLOCAL ECONOMYLOCAL GOVERNMENTLOCAL GOVERNMENTSLOCAL TAXESMACROECONOMIC POLICYMARKET CONCENTRATIONMARKET INSTRUMENTSMARKET PARTICIPANTSMATURITIESMEMBER STATESMIGRATIONMODEL CODEMONETARY POLICYMORTGAGEMORTGAGE LOANSNATIONAL BANKNATURAL DISASTEROLD-AGE PENSIONOPEN ECONOMYPENSIONPENSION REFORMPENSION REFORMSPENSION SYSTEMPENSION SYSTEM REFORMSPENSIONSPORTFOLIOPORTFOLIO QUALITYPUBLIC ADMINISTRATIONPUBLIC ADMINISTRATION REFORMPUBLIC BORROWINGPUBLIC EXPENDITUREPUBLIC EXPENDITURE MANAGEMENTPUBLIC EXPENDITURESPUBLIC FUNDSPUBLIC HEALTHPUBLIC INFORMATIONPUBLIC INSTITUTIONSPUBLIC INVESTMENTPUBLIC OFFICIALSPUBLIC PROCUREMENTPUBLIC PROCUREMENTSPUBLIC REVENUESPUBLIC SECTORPUBLIC SERVICEPUBLIC SPENDINGRATIONALIZATIONREGULATORY CAPACITYREGULATORY FRAMEWORKREHABILITATIONREMITTANCEREMITTANCESREPAYMENTSREPRESENTATIVESRETURNREVENUE COLLECTIONRULE OF LAWSAFETY NETSAFETY NETSSECURITIESSECURITIES MARKETSSETTLEMENTSIZE OF GOVERNMENTSOCIAL ASSISTANCESOCIAL ASSISTANCE PROGRAMSOCIAL ASSISTANCE SYSTEMSOCIAL POLICYSOCIAL PROTECTIONSOCIAL SAFETYSOCIAL SAFETY NETSOCIAL SAFETY NETSSOCIAL SECTORSSOCIAL SUSTAINABILITYSOLVENCYSTATE ASSETSSTATE-OWNED ENTERPRISESTAXTAX ADMINISTRATIONTAX BURDENTAX RATESTAXATIONTERM DEPOSITSTRANSITION COUNTRIESTRANSPARENCYTREASURYWORKING CAPITALPolicy NoteWorld Bank10.1596/28118