Capital Expenditures : Making Public Investment Work for Competitiveness and Inclusive Growth in Moldova

Moldova 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.

Bibliographic Details

Main Authors:	Coulibaly, Karen Stephanie, Diagne, Mame Fatou
Language:	English en_US
Published:	World Bank, Washington, DC 2014-06
Subjects:	ACCOUNTABILITY, AFFILIATED ORGANIZATIONS, ALLOCATION, BANK POLICY, BUDGET ALLOCATION, BUDGET ALLOCATIONS, BUDGET DATA, BUDGET EXECUTION, BUDGETING, CAPITAL BUDGET, CAPITAL EXPENDITURE, CAPITAL EXPENDITURES, CAPITAL INVESTMENT, CAPITAL PROJECTS, CAPITAL SPENDING, CAPITAL TRANSFERS, CENTRAL GOVERNMENT, COST EFFECTIVENESS, COST-BENEFIT ANALYSIS, CURRENCY, DECISION-MAKING, DECISION-MAKING PROCESSES, DISTRIBUTIONAL EQUITY, DISTRICT, DISTRICTS, ECONOMIC CLASSIFICATION, ECONOMIC GROWTH, ELECTRICITY, EXPENDITURE DATA, EXPENDITURE LEVELS, EXTERNAL ASSISTANCE, EXTERNAL FUNDING, EXTERNAL SHOCKS, FINANCIAL SUSTAINABILITY, FISCAL REPORTING, FISCAL SUSTAINABILITY, GOVERNMENT EXPENDITURE, GOVERNMENT REVENUE, GOVERNMENT SPENDING, INTERNATIONAL BANK, INVESTMENT CLIMATE, INVESTMENT DECISIONS, INVESTMENT FUNDING, INVESTMENT MANAGEMENT, INVESTMENT NEEDS, INVESTMENT PROCESSES, INVESTMENT PROJECTS, INVESTMENT SPENDING, LOCAL GOVERNMENT, LOCAL GOVERNMENTS, MINISTRY OF FINANCE, MUNICIPALITY, NATIONAL BUDGET, NATIONAL DEVELOPMENT, NATIONAL PRIORITIES, NATIONAL TREASURY, OUTCOME DATA, PERFORMANCE DATA, PERFORMANCE INFORMATION, POVERTY REDUCTION, PRIVATE DEBT, PUBLIC, PUBLIC DEBT, PUBLIC EXPENDITURE, PUBLIC EXPENDITURE ANALYSIS, PUBLIC EXPENDITURE REVIEW, PUBLIC EXPENDITURES, PUBLIC FINANCIAL MANAGEMENT, PUBLIC INVESTMENT, PUBLIC INVESTMENTS, PUBLIC MONEY, PUBLIC SERVICES, REGULATORY FRAMEWORK, RESOURCE ALLOCATIONS, ROAD FUND, ROAD MAINTENANCE, ROADS, SANITATION, SECTOR POLICIES, SOCIAL PROTECTION, STRATEGIC PRIORITIES, SUBNATIONAL, TAX, TAX REVENUE, TRANSPARENCY, TREASURY SYSTEM, TRUST FUND, TRUST FUNDS, UTILITIES,
Online Access:	http://documents.worldbank.org/curated/en/2014/06/19790368/capital-expenditures-making-public-investment-work-competitiveness-inclusive-growth-moldova https://hdl.handle.net/10986/18934
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