The Republic of Moldova will improve the process of planning and implementing capital investment projects. The reform will aim to adjust the national legislation, but also to improve the mechanism of capitalization of investment resources. The minister of finance, Natalia Gavrilița, announced this during a meeting with a group of experts from the International Monetary Fund, that was on a working visit to Chisinau, IPN reports.
According to Natalia Gavrilița, the economic development of the Republic of Moldova depends directly on investments in infrastructure. "In order to make sustainable investments in infrastructure, we must first of all have an efficient system of project selection and distribution of resources, based on very rigorous principles. The money that goes into investments must be used rationally, so as to contribute to the creation of a modern and quality infrastructure. It is also important to ensure transparency. People need to know what kind of infrastructure projects will be implemented, in order to be able to participate in monitoring their quality,” said Natalia Gavrilița, quoted in a press release of the Ministry of Finance.
IMF experts made an assessment of the public investment management in the Republic of Moldova. In the end, they drew up a preliminary report outlining the strengths and weaknesses, the gaps in the system of public capital expenditures management, as well as recommendations for improving and perfecting the existing system.
IMF experts held joint meetings with public authorities involved in the process of implementing investment projects. These are the State Chancellery, the Court of Accounts, ministries, as well as other state institutions.
