Efficiency and Transparency of the National Regional Development Fund
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Automatically translated summary. The full text is available in Romanian.
The Independent Think Tank “Expert-Grup” has published a study assessing the effectiveness, efficiency, impact and transparency of investments financed from Moldova's National Fund for Regional Development. It examines whether almost MDL 800 million invested in two cycles between 2010 and 2015 helped regions develop and converge.
Moldova's regional development framework began with the 2006 Law on Regional Development, which was hardly applied until 2010. The Fund is planned at 1% of State Budget revenues, excluding earmarked revenues, or roughly MDL 150–200 million a year, and is supplemented by development partners and local co-financing. Annual sums are small, yet the 2010-2012 and 2013–2015 investment cycles totalled almost MDL 800 million.
The study first reviews the institutional and operational framework and the allocation of funds, then estimates impact using the ANOVA statistical method. Transparency gets a separate chapter because of the worrying situation in managing the Fund. The report ends with conclusions and systemic recommendations. It was produced under a project funded by the Soros Foundation Moldova.
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