Moldova Policy Notes 2019 : Sustaining Stability and Reviving Growth
Over the last two decades, Moldova has achieved major development results: with average annual growth of 4.6 percent since 2000, poverty has decreased dramatically, and the growth has also benefitted more citizens: Inequality, as measured by the Gi...
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| Format: | Policy Note |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/430371563375376283/Sustaining-Stability-and-Reviving-Growth-Moldova-Policy-Notes-2019 http://hdl.handle.net/10986/32183 |
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okr-10986-321832021-05-25T09:26:37Z Moldova Policy Notes 2019 : Sustaining Stability and Reviving Growth World Bank Group ECONOMIC GROWTH MACROECONOMIC MANAGEMENT ECONOMIC STABILITY COMPETITIVENESS BUSINESS ENVIRONMENT SMALL AND MEDIUM ENTERPRISES FOREIGN DIRECT INVESTMENT STATE-OWNED ENTERPRISES DIGITAL ECONOMY FINANCIAL OVERSIGHT JUDICIAL REFORM AGRICULTURAL PRODUCTIVITY FISCAL TRENDS TAXATION PUBLIC FINANCIAL MANAGEMENT STOLEN ASSET RECOVERY ENERGY EFFICIENCY WATER SUPPLY ROADS ENVIRONMENTAL PROTECTION EDUCATION LABOR MARKET GENDER GAP SOCIAL PROTECTION HEALTH SERVICE DELIVERY INEQUALITY Over the last two decades, Moldova has achieved major development results: with average annual growth of 4.6 percent since 2000, poverty has decreased dramatically, and the growth has also benefitted more citizens: Inequality, as measured by the Gini Index, has declined from 36.4 in 2000 to 26.3 in 2016. Macroeconomic stability has been maintained despite the 2014 banking crisis, and monetary and the exchange rate policies have led to a declining inflation protecting the living standard of Moldova’s citizens. The country has benefitted from its unique assets, such as a strategic European location and growing global integration. The authorities’ focus on investment policy put the country on investors’ map: commitment demonstrated in investment promotion and the level of service and attention that was given to investors led to attracting manufacturing FDI. They on the other hand helped reorient exports towards more technology-intensive products and allowed for a stronger contribution of exports to growth and employment generation. Moldova has also significantly reformed its business environment, ranking today 47th of the 190 countries measured on ease of doing business. There was also effort to improve the quality of human capital. The education system reform led to improvement of student learning outcomes in Moldova, as measured by the Program for International Students Assessment (PISA), although there are still major gaps in learning outcomes that need to be addressed. The preprimary enrollment rates increased substantially, and labor force participation rate increased to historical highs, albeit at 43 percent still comparatively low. 2019-08-06T15:08:20Z 2019-08-06T15:08:20Z 2019-06-25 Policy Note http://documents.worldbank.org/curated/en/430371563375376283/Sustaining-Stability-and-Reviving-Growth-Moldova-Policy-Notes-2019 http://hdl.handle.net/10986/32183 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Policy Note Europe and Central Asia Moldova |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ECONOMIC GROWTH MACROECONOMIC MANAGEMENT ECONOMIC STABILITY COMPETITIVENESS BUSINESS ENVIRONMENT SMALL AND MEDIUM ENTERPRISES FOREIGN DIRECT INVESTMENT STATE-OWNED ENTERPRISES DIGITAL ECONOMY FINANCIAL OVERSIGHT JUDICIAL REFORM AGRICULTURAL PRODUCTIVITY FISCAL TRENDS TAXATION PUBLIC FINANCIAL MANAGEMENT STOLEN ASSET RECOVERY ENERGY EFFICIENCY WATER SUPPLY ROADS ENVIRONMENTAL PROTECTION EDUCATION LABOR MARKET GENDER GAP SOCIAL PROTECTION HEALTH SERVICE DELIVERY INEQUALITY |
| spellingShingle |
ECONOMIC GROWTH MACROECONOMIC MANAGEMENT ECONOMIC STABILITY COMPETITIVENESS BUSINESS ENVIRONMENT SMALL AND MEDIUM ENTERPRISES FOREIGN DIRECT INVESTMENT STATE-OWNED ENTERPRISES DIGITAL ECONOMY FINANCIAL OVERSIGHT JUDICIAL REFORM AGRICULTURAL PRODUCTIVITY FISCAL TRENDS TAXATION PUBLIC FINANCIAL MANAGEMENT STOLEN ASSET RECOVERY ENERGY EFFICIENCY WATER SUPPLY ROADS ENVIRONMENTAL PROTECTION EDUCATION LABOR MARKET GENDER GAP SOCIAL PROTECTION HEALTH SERVICE DELIVERY INEQUALITY World Bank Group Moldova Policy Notes 2019 : Sustaining Stability and Reviving Growth |
| geographic_facet |
Europe and Central Asia Moldova |
| description |
Over the last two decades, Moldova has
achieved major development results: with average annual
growth of 4.6 percent since 2000, poverty has decreased
dramatically, and the growth has also benefitted more
citizens: Inequality, as measured by the Gini Index, has
declined from 36.4 in 2000 to 26.3 in 2016. Macroeconomic
stability has been maintained despite the 2014 banking
crisis, and monetary and the exchange rate policies have led
to a declining inflation protecting the living standard of
Moldova’s citizens. The country has benefitted from its
unique assets, such as a strategic European location and
growing global integration. The authorities’ focus on
investment policy put the country on investors’ map:
commitment demonstrated in investment promotion and the
level of service and attention that was given to investors
led to attracting manufacturing FDI. They on the other hand
helped reorient exports towards more technology-intensive
products and allowed for a stronger contribution of exports
to growth and employment generation. Moldova has also
significantly reformed its business environment, ranking
today 47th of the 190 countries measured on ease of doing
business. There was also effort to improve the quality of
human capital. The education system reform led to
improvement of student learning outcomes in Moldova, as
measured by the Program for International Students
Assessment (PISA), although there are still major gaps in
learning outcomes that need to be addressed. The preprimary
enrollment rates increased substantially, and labor force
participation rate increased to historical highs, albeit at
43 percent still comparatively low. |
| format |
Policy Note |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Moldova Policy Notes 2019 : Sustaining Stability and Reviving Growth |
| title_short |
Moldova Policy Notes 2019 : Sustaining Stability and Reviving Growth |
| title_full |
Moldova Policy Notes 2019 : Sustaining Stability and Reviving Growth |
| title_fullStr |
Moldova Policy Notes 2019 : Sustaining Stability and Reviving Growth |
| title_full_unstemmed |
Moldova Policy Notes 2019 : Sustaining Stability and Reviving Growth |
| title_sort |
moldova policy notes 2019 : sustaining stability and reviving growth |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/430371563375376283/Sustaining-Stability-and-Reviving-Growth-Moldova-Policy-Notes-2019 http://hdl.handle.net/10986/32183 |
| _version_ |
1764475977554984960 |