Republic of Moldova: Climate Module of the Public Investment Management Assessment

Moldova has committed to an ambitious climate change mitigation and adaption agenda, which is underpinned by significant public investments, particularly in the energy sector which accounts for more than 2/3 of the country’s GHGs.
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Volume/Issue: Volume 2023 Issue 018
Publication date: November 2023
ISBN: 9798400258305
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Money and Monetary Policy , International - Economics , Public investment , climate change , public finance

Summary

Moldova has committed to an ambitious climate change mitigation and adaption agenda, which is underpinned by significant public investments, particularly in the energy sector which accounts for more than 2/3 of the country’s GHGs. The country is in the process of updating its public investment management framework, offering a window to enhance climate sensitivity of the framework, and of adopting regulation to align to EU standards. The Climate Module of the Public Investment Management Assessment (C-PIMA) proposes reforms across multiple areas, underscoring as priority areas project appraisal and selection and budgeting and portfolio management.