Republic of Moldova starts process of Development Finance Assessment, to identify new opportunities to finance national priorities

The Republic of Moldova starts the process of Development Finance Assessment (DFA). The working group responsible for this exercise held a first round of discussions between 20-24 June 2022. The experts assessed the strategic policy framework in the Republic of Moldova, identifying funding challenges and opportunities to support the achievement of the Sustainable Development Goals. The DFA methodology was developed by UNDP and is applied in Moldova with the support of the Slovak Ministry of Finance, provided through the Slovakia – UNDP Trust Fund.

Public finance experts discussed with representatives of the Ministry of Finance, the State Chancellery, the National Bank of Moldova, the National Financial Market Commission of Moldova, the Office of External Assistance Project Management, the Ministry of Economy, the Ministry of Infrastructure and Regional Development, development partners etc.

“We consider that the Development Finance Assessment will be perfectly complemented with the activity of spending review currently implemented by the Government. The government and line ministries will benefit from the expertise and solutions proposed as a result of the implementation of this instrument. The results of this exercise will be reflected in the medium-term budgetary framework,” said Ion Gumene, State Secretary of the Ministry of Finance.

The Development Finance Assessment will be completed by the end of 2022. Then, based on the findings and recommendations of the Development Finance Assessment exercise, a roadmap for the implementation of the integrated national financing framework will be developed.

UNDP support for increasing the efficiency of public finance management in Moldova is provided as part of a regional initiative launched with support of the Slovak Government.

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