Investigating the Transparency and Economic Efficiency of the Use of Ecological Funds
Automatically translated summary. The full text is available in Romanian.
A study of Moldova's ecological funds system, which comprises the national ecological fund and local funds, assesses its efficiency and effectiveness. It examines the legal and institutional framework, governance, revenue formation, resource allocation, project selection and transparency, at a time when pollution charges have raised the funds' importance for environmental financing.
The study finds that the funds' operation does not meet good international practice and that a thorough reform is needed. The main problems are inconsistent regulation of the funds and insufficient transparency in decision-making, which makes it possible to select projects on the basis of political sympathies.
Local funds practically exist only on paper and are too small to be maintained in their current form. The study therefore argues for a conceptual revision of the existing institutional structures. In recent years the funds have become much more important for financing environmental protection measures, owing to rising revenues from environmental pollution charges.
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