Priorities include identifying the problem, specific measures to address it, and expected outcomes. The range of topics spans fiscal consolidation and public investment to the capital market, local government reform, competitiveness, human capital, and state property reform.
The experts chose not to reinvent the wheel. All priorities echo the recommendations set forth in the Center’s reports on the state of the nation and economic reviews, which, in their words, “for better or worse, remain relevant to this day.”
The main message to the future government is this: last year’s 2.4% GDP growth does not compensate for the stagnation of previous years, and the growth model based on low labor costs has exhausted its potential. Therefore, the following narratives are prioritized:
- Moldova must launch a large-scale reform to consolidate the budget ·
- The country’s transition to a growth model based on increasing value added ·
- Investment funds are a necessary condition for accelerating economic growth
- The country needs territorial-administrative reform and fiscal decentralization
In addition, experts believe that none of the seven priorities will yield results “without depoliticizing the programs through which the state allocates funds to the economy and without separating the functions of financing, implementation, and evaluation.”
“We need a shift from compliance criteria to impact criteria, early consultation with the business community when implementing EU legislation, and the strengthening of negotiating teams with the European Union. This applies, in particular, to the mechanisms through which the state provides support to various sectors of the economy: AIPA, ODA, the Road Fund, and others,” the experts believe.
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