Republic of Moldova Enterprise Access to Finance : Background Note
The Government of Moldova is seeking to change the country's development paradigm and build an export-oriented economy characterized by investment, innovation, and competitiveness, following a decade of 'jobless growth'. This report...
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| Format: | Development Policy Review (DPR) |
| Language: | English en_US |
| Published: |
Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2013/06/17878823/moldova-policy-priorities-private-sector-development-vol-2-2-background-note http://hdl.handle.net/10986/16084 |
| Summary: | The Government of Moldova is seeking to
change the country's development paradigm and build an
export-oriented economy characterized by investment,
innovation, and competitiveness, following a decade of
'jobless growth'. This report focuses on
improvements that will be needed to move Moldova to the next
stage of development as envisioned in the Moldova 2020
strategy; however, reforms over the past decade also deserve
acknowledgment. Improving the business environment is an
especially important task, given Moldova's low levels
of natural resources and small internal market. This study
aims to identify the most pressing problems in the business
environment that are adversely affecting Moldovan
companies' productivity and competitiveness, and to
present recommendations that would help remove these
obstacles. The analysis is based on a review of existing
reports; interviews with government officials, private
sector associations, a sample of businesses, and some
subject matter experts; as well as original research on
access to finance. This study has identified that the
following aspects of doing business are the most
problematic: customs administration; tax administration;
business regulation, consisting of licenses, authorizations,
permits, and inspections; the competition framework; and
access to finance. This report presents short-term
(2013-2014) and longer-term (2015-2017) recommendations in
each of the five priority areas. |
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