Country Partnership Framework for the Republic of Moldova for the Period FY18-21
The quest for an alternative development model that underlies Moldova’s National Development Strategy (NDS), Moldova 2020, is a recognition that the two main drivers of economic growth and poverty reduction since the early 2000s are no longer susta...
| Main Authors: | , , |
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| Format: | Report |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2017
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/604221499282920085/Moldova-Country-Partnership-Framework-for-the-period-FY18-21 http://hdl.handle.net/10986/27565 |
| Summary: | The quest for an alternative development
model that underlies Moldova’s National Development Strategy
(NDS), Moldova 2020, is a recognition that the two main
drivers of economic growth and poverty reduction since the
early 2000s are no longer sustainable. Growth was powered
largely by consumption, and poverty reduction mainly by
remittances and pensions. Since neither are expected to
continue, future growth and poverty reduction will need to
be driven increasingly by private sector-led job creation.
Moreover, given the country’s vulnerability to changes in
external demand and weather shocks, due to its small size,
open economy, and reliance on agriculture, Moldova’s future
development path will also need to include measures to renew
and protect its human, physical, and social capital stock.
Against this background, the main purpose of the FY18-21
Country Partnership Framework (CPF) is to support Moldova’s
transition towards a new, more sustainable and inclusive
development and growth model. It is grounded in the NDS,
takes into account outcomes of the FY14-17 Country
Partnership Strategy (CPS), and incorporates the three
topmost priorities of the recent Systematic Country
Diagnostic (SCD), namely: (a) strengthening the rule of law
and accountability in economic institutions; (b) improving
inclusive access to and the efficiency and quality of public
services; and (c) enhancing the quality and relevance of
education and training for job-relevant skills. These three
priorities define and inform the CPF’s three focus areas:
economic governance, service governance, and skills
development, which are supplemented by climate change, a
World Bank Group corporate priority, as a cross-cutting
theme. The CPF incorporates key lessons learned during the
last CPS, that political instability and governance
challenges slow the pace of reform and that frequent
personnel changes affect portfolio performance. Further, it
assumes that the economic, political, and social stability
experienced since January 2016 will continue at least until
parliamentary elections in November 2018. Given that
Moldova’s post-election political orientation, policy
environment, and stability are uncertain, only the first
half of the CPF (FY18-19) is programmed. Activities for the
second half (FY20-21) will be defined during the FY19
Performance and Learning Review (PLR). |
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